What's the difference between serviced apartments and property apartments?

The difference between serviced apartment and property apartment;

1, different objects

A serviced apartment is generally a house with independent property rights, including a comprehensive suite with kitchen and bathroom. Property apartment is the property right of every room in the hotel, which is sold by the hotel developer to several owners respectively.

2. Different in nature

Serviced apartment is a kind of pure service apartment, which only provides services without any hotel operation. Investors can use it for self-occupation just like buying ordinary houses, or rent it to a building in the form of a hotel to get a return on investment. Property hotel is usually called private hotel, which is a new type of property right for the purpose of earning investment, leisure, vacation and entertainment returns.

3. Different modes

Hotel-style apartment can provide secretary, information, translation and other business services. It is a comprehensive concept of property management, integrating multiple functions such as residence, hotel and club. As a special investment and consumption mode, property hotel conforms to the basic principle of sharing economic resources, and introduces a special commodity to the public, which is both consumption and storage, service and family property, and can be used for personal use or given away. It is a comprehensive product of real estate, hotel and tourism.

4. Different target groups

The clients of serviced apartment projects are mostly senior employees, managers and presidents of well-known multinational companies, which can provide high-end and in-place services for residents. Property hotels are divided into time hotels, pure property hotels and pension hotels, with a wider target group.