The difference between serviced apartments and condominium hotels

Most of the three types of properties, namely serviced apartments, apartment hotels, and property hotels, are not distinguished in the market and are used interchangeably. In fact, the above three names interpret the property from different perspectives.

Serviced apartments, meaning "hotel-style services, apartment-style management", are a type of pure service apartments emerging in Asia that only provide services and do not operate any hotels. It is generally a house with independent property rights and equipped with comprehensive suites including kitchen and bathroom. The building provides hotel-style business services, cleaning services, property management, and rental management. Investors can either use it for their own residence like buying an ordinary residence, or rent it out as a hotel in the building to obtain a return on investment. Therefore, serviced apartments not only absorb the service functions and management models of star-rated hotels, but also absorb the characteristics of office buildings in the information age. They have good communication conditions and can provide targeted business services such as secretarial, information, and translation. They are a kind of A highly comprehensive property management concept that integrates multiple functions such as residences, hotels, and clubs.

The apartment types of serviced apartments range from tens to hundreds of square meters, which can meet the individual needs of users. The decoration is unified into fine decoration, and a full set of home design and electrical appliances are provided. . There are also different styles for different house types. In terms of services, hotel-style services are provided according to the requirements of residents. At the same time, banks, clubs, small supermarkets and other ancillary facilities are also added. In terms of design, since most of the customer base of serviced apartment projects are senior employees, managers, presidents, etc. of well-known multinational companies, its property management is directly managed by star-rated hotels or managed by property companies with hotel backgrounds, which eliminates the need for By eliminating landlords' doubts about the quality of property management companies, they can provide residents with high-end and comprehensive services.

An apartment hotel, simply put, is a hotel suite in the form of an apartment located inside a hotel. The characteristics of this type of property are: first, it is similar to an apartment, with a home-like layout and good living conditions. Functions, living room, bedroom, kitchen and bathroom, all available. Secondly, it is equipped with a full set of furniture and electrical appliances. At the same time, it can provide guests with professional hotel services, such as indoor cleaning, bed linen replacement, and some business services. It has the privacy and living atmosphere of an apartment, as well as the good environment and professional services of a high-end hotel. Apartment hotels with four stars or above provide more thoughtful services. This type of property has already appeared in Beijing. Its services include catering, entertainment, laundry, swimming, copying, faxing, printing, translation, etc.

From the above discussion, we can see that in terms of services, there is almost no difference between serviced apartments and apartment hotels; the essential difference between them is that serviced apartments provide hotel-style services Apartments, while apartment hotels are hotels that provide quite household facilities (such as kitchenware) in hotel rooms. Its essence is still a hotel.

Comparing the above two property types, property rights hotels define properties from the perspective of property rights.

In a property-rights hotel, the hotel developer sells the property rights of each hotel room to multiple owners. The owners can stay for free for a certain period of time every year. For the rest of the period, they can entrust the developer or The management company operates and enjoys certain dividends. At the same time, the owners can resell, inherit, mortgage, and make gifts.

Summary: First of all, literally, one is an apartment and the other is a hotel. One owner lives or operates independently; the other has property rights owned by the owner, but the management rights rest with the management company. An apartment hotel is an apartment-style design, but is operated by a management company as a hotel and returns a certain return on investment to the owners every year. Generally it is about 8% to 10%. The essence of a serviced apartment is still a residence, but it is managed by a more professional property management company in a hotel-style service manner.