HOTELA only increases the monthly operating expenses if there are justifiable reasons for it, such as an increase in household expenses, such as insurance rates, real estate taxes and related expenses.
The HOTELA Ownership Purchase Agreement is a legal document that defines the financial terms, obligations of management, and operational guidelines governing the relationship among HOTELA Owners and of the HOTELA special purpose subsidiary managing HOTELA residences.
HOTELA plans and manages repairs and upgrades for your residence and amenities. These allocations are solely intended for the maintenance, repairs, and upgrades of the properties. In the event of significant repairs, HOTELA conducts an open competitive bidding process before assigning funds for such repairs.
Hotela combines what it means to a have second home, a safe and secure haven for you and your loved one with all the services of a luxury hotel lifestyle. But today’s luxury hotels are predictable, dare we say, “boring”. At Hotela, our sole purpose for being is to use reinvent and create new, refreshing and totally reimagined amenities that will inspire a whole new world of living the dream. To find out more, click on Hotela amenities vision.
HOTELA is required maintain 7-star services and amenities for all owners. HOTELA plans amenity obsolescence for each amenity based on usage and well as popularity. New amenities also will replace existing amenities if the existing amenity usage is low.
On-site amenities such as a fitness centers, bars and lounges are sometimes located within the same structure. Off-site amenities can exist anywhere in the HOTELA neighborhood where your second home is located usually all within easy walking distance. Owners and guests have access to both on-site and off-site amenities.
Sign up to receive the latest news