Register at CommercialREOS.com

Our national commercial foreclosure website at www.CommercialREOS.com is your source for commercial reo deals and contacts. Please register today and join our commercial REO network.

Wednesday, August 10, 2005

You Better Move Fast with the MGM Residences Las Vegas High Rise Condo Hotel

While construction continues on Tower II of their 3-tower, 40-story condominium project, Tower III of the Residences at MGM Grand is almost 66% sold. In other words, time's running out if you're looking to secure a unit in perhaps the most solid high rise condo hotel project in Las Vegas.

The first tower sold out in 90 days and there are still select units available in Tower II. But the real play at this point is to get into the third tower - and the fact that the Residences also function as a fully furnished condo hotel with professional management available along with affiliation with one of the world's most prestigious resort names doesn't hurt.

With the demise of projects such as Krystle Sands and Aqua Blue, along with the uncertainty of the Majestic project, the choices for quality condo-hotel ownership in Las Vegas gets slimmer each day. However, if you take a close look at what the Residences offer and run the potential rental numbers as opposed to your carrying costs, you'll see why I continue to rate this project so highly.

Each tower will feature 24-hour front desk and conceierge services, along with in-suite dining and a guarded entry. In addition to the fitness center and swimming pool, the towers will be connected to the actual hotel resort via an enclosed moving walkway. The condo suites feature crown molding, raised paned doors, bedroom carpeting, high speed internet, granite counter tops, sub-zero refrigeration, Meile appliances, spa tubs, HDTVs, imported Italian kitchen cabinetry, and owner lock-out closets. In fact, you can get a real good idea about the look and feel of a potential one-bedroom or studio walk by walking through their models at their sales office at the MGM Grand's Studio Walk.

Prices range from $450,000 to more than $2 million, so contact me now while the few remaining units are still available. I'll run those numbers by you as well and show you in plain black and white why the Residences at MGM Grand is your best Las Vegas condo hotel investment option.

No comments: