Developers are more interested in buying low-cost homes that can be resold when the market recovers. Similar to the real estate market, businesses are also buying hotels.
MOD Hospitality is one such real estate and investment company. It has used falling real estate prices to purchase high-quality restaurants and hotels in strong markets.
“The hospitality industry, as a whole, is taking a beating,”Frederic S. Richardson, President MOD Hospitality. “It’s the perfect opportunity for wily investors to make a profit.”
The company intends to keep the properties under their control for three to five more years or until they realize the full value of the investment. The company recognizes the importance of professional property managers and only uses local firms to manage the properties. They are well-versed in the local market. To promote investor confidence, complete operating results are provided.
The company has so far acquired properties in different markets. This includes boutique hotels as well as high-quality franchises of hotel chains such as The Fairfield Inn by Marriott and Holiday Inn Express.
Other notable properties include the New Clinton Hotel which is a boutique hotel located in South Beach, Miami, Fla. The hotel is located on Washington Avenue and is close to many restaurants, trendy shops, and lively bars. The Hotel Astor Miami Beach is another luxury boutique hotel that has Art Deco flair. It is a favorite destination for artists, celebrities, fashion photographers, and business executives.
The economic downturn is affecting the hospitality industry. However, restaurants and hotels seem to be ripe for investment. MOD Hospitality, which meticulously researches and handles the management of potential properties, is a great company to use for investors. It allows them to take less risk while still reaping the benefits of the hospitality industry.
Visit www.amazon.com for more information www.eastcoastventures.com. MOD Hospitality trades OTC.BB under MODY.OB
