Condo hotel properties were quite the rage 4-5 years ago. Las Vegas had a number of them planned, however only a few actually were completed. A condo hotel is a property comprised on fully furnished condos. All units that are the same size and floor plan have exactly the same amenities, furnishings and more. And amenities are very important in these types of properties.
The MGM Signature is an amazing condo-hotel located just behind the MGM Grand Casino Resort. Comprised of three towers, each unit is beautifully furnished with a plush sofa, contemporary furniture, flat panel TVs, luxurious bedding on the decadent king size bed and sumptuous linens and towels. Kitchens come complete with Bosch, Miele and Subzero stainless appliances, granite bathroom vanities and whirlpool spa tubs. Step outside onto your refreshing balcony to enjoy a view of the Strip or Las Vegas valley. Of course there are both Junior Suites or basically a studio and one bedroom suites, with a separate living room and larger kitchen area, as well as a private bedroom. The one bedroom and studio can be combined to offer a two bedroom suite with everything you could possibly want.
Of course, the Signature is a separate guard gated community, offering valet parking, a pool and spa only to residents and guests. In typical high rise fashion, you have a business center, concierge to make all your entertainment and dining arrangements for you, a state of the art fitness center, and of course you can take advantage of an in-suite massage or room service from one of the many restaurants at the MGM Grand, just steps away. And if you travel for business, you can take advantage of their airport check-in, plus it's just a short hop to McCarren Airport.
Another thing I really like about the Signature is its proximity to the monorail, as well as being able to use the amenities at the MGM Grand. If you've never floated along the lazy river, you've really missed a great treat.
You can live here full time if you choose, or place your unit in the rental pool if you only plan to visit occasionally. No promises on how often it will get rented, if at all, but it's a nice option to have.
If there was a downside to this lifestyle, it would be you will probably never know your neighbors. Because these units are also rented out, chances are the people that are next door today won't be there next week. And if you intend to use the unit as a rental as well as a personal residence, you can't hang a nail or change a pillow. Each unit must look exactly the others the same size in your tower.
With the amazing prices on these units right now, this is a property I think anyone who comes to Las Vegas often enough should consider. The biggest stopping point for many buyers has been the lack of financing for condos. If this is what's holding you back, then please shoot me an email because I have a lender who will now loan on these types of properties. Of course, not everyone will qualify, but don't let lack of financing keep you from purchasing one of these outstanding properties.
Heather Peck
Rosen & Company West
702-595-7380
www.HeatherSellsVegas.com
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