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Chicago real estate is rich in variety and renowned for its stability. The hotel condos are the latest feather in the hat of Chicago real estate. The Chicago hotel condos are increasing in their numbers as well as in their popularity. From luxury condos to lofts and penthouses, the Chicago condos have attained many variations in course of its history. But the way these hotel condos have taken the market by storm, no other variant was able to achieve this in the past. Currently a number of high end projects are being constructed across the length and breadth of this historical city and about to add a new chapter in the city’s real estate history.

So what is the buzz all about and how these Chicago hotel condos are different from the traditional condominiums?Chicago hotel condos are comparable to any 4/5 star hotels---both in their services and list of amenities. While you get a range of services as default features with these hotel condos, most of the luxury condos will offer you the same amenities for an extra fee. These include cleaning and laundry services, room service, front desk answering service as well as guest announcements for visitors. In most of the Chicago hotel condos, the service of valet parking in the attached garage is also available.

The amenities include whirlpool tub, indoor pool, on-site day spa, international standard fitness center, concierge, business center, entertainment area and meeting rooms among the others.The units in Chicago hotel condos are most lavishly appointed with Persian carpets, designer lines of furniture, marble floors in bathrooms, and European style cabinetry.While luxury condos also have high-end features, they are nothing as compared to these expensive hotel condos.

When it comes to owning quality real estate, you have to pay for it. The price for Chicago hotel condos start typically from $3 million. The carefully chosen location, great views and luxury services add to the value of these luxury properties.

However, you can reduce the cost of ownership by putting the property in hotel’s rental program. This makes hassle free ownership of property a reality. From renting it out to the vacationers or business travelers to taking care of the unit’s maintenance, the hotel management handles it all. However, the rental revenues are shared between the owner of the unit and the hotel on a 60-40 basis.

The Chicago hotel condos make wonderful investment property simply because they appreciate at a faster pace than any other types of luxury property. This can be attributed to the brand value of the hotel chains that run these properties. If you are planning to own a second home in the city, the hotel condos in Chicago make one of the best real estate options.

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