Re: Sotavento residences

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Escrito por ZihuaRob desde ( el día domingo, 22 de marzo, 2009 a las 21:45:52 horas :

En respuesta a: Sotavento residences escrito por Gretchen desde ( el día domingo, 22 de marzo, 2009 a las 19:42:17 horas :

I hate to see the Sotavento take this route because the hotel rooms provide the local economy with more income than condos. And La Ropa beachfront hotel rooms are already in short enough supply.

For example, Ixtapa hotels were over 90% occupied last weekend, but condo occupancy was nowhere near that. Many condo owners say they don't have any bookings for next month which includes Semana Santa: OUR BUSIEST TIME OF THE YEAR.

I see the condo switchover at Sotavento as a short-term strategy to get a quick return on investment. Build and sell and get out quick. Seen it all over Florida. It hurts the local economy in the long run, but since the owners don't live here...

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