daytona condohotels: The Plaza Resort & Spa. December 2018
- 12/16/18 08:42 PM
The Plaza Resort & Spa
Got a phone call from a New Yorker. She read my old blog from 2008 about The Plaza Resort & Spa. Wow, that’s a very old one.
But The Plaza is still standing, and, funny enough, the units in this condo-hotel are unbelievably affordable. Yes, they are not as they were at the lowest point, but, honestly, they are again very close to the lowest point. Below is the table showing you resales of units in the resort since they have converted it to a condo-hotel in 2005-2006. This is the reason there were so few resales in … (4 comments)
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daytona condohotels: Oceanside Inn in August 2018
- 08/17/18 10:51 AM
Oceanside Inn. Market Snapshot. August 2018 The Resort Oceanside Inn is a condo-hotel resort in Daytona Beach Shores. This 191-room condo-hotel was built in 1973 and completely remodeled in 2003-2004 after converting a hotel into a condo-hotel.
This is a direct oceanfront property, 9-story high, with the elevators, small gym, outdoor inground pool, Tiki Bar, etc. Rentals are provided by Sunstream Hotels and Resorts, a Hospitality Management Company.
Since May of 2017 after the recall of 2 Board Members and election of 2 new members, the Association changed the course trying to end years of wrong priorities. The membership is getting … (2 comments)
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daytona condohotels: The Plaza Resort & Spa. Annual Meeting.
- 03/25/18 08:18 AM
The Plaza Resort & Spa I have wanted to attend a meeting at The Plaza Resort & Spa for years now, but it somehow did not happen until very recently. It was an annual meeting, and you can read about the election here.
Here I would like to pay attention to things happening in The Plaza Resort & Spa, changes that we soon would see in Plaza.
Plaza suffered a serious blow from hurricane Matthew in October 2016. 12 and 14th floor of the tower got a lot of water damage and were out of commission for several months. The front … (0 comments)
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daytona condohotels: Plaza Resort & Spa Today. What a change...
- 02/01/18 06:56 AM
The Plaza Resort & Spa in 2017Wow, wow, wow. Haven’t checked Plaza Resort & Spa in 2017 at the very end of the year and can believe how fast things have changed! Only 7 unit for sale in Plaza. I do not remember low inventory like this for a very long time. Actually, I doubt we ever had the inventory this low. It is just a bit over 2% of the total units, which is a very low number.
A year ago there were 24 condo-hotel units for sale at Plaza, and we thought this was a low number.
Should be a sign … (2 comments)
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daytona condohotels: Daytona Beach. Plaza Resort & Spa. 2017 Outlook
- 01/10/17 10:31 AM
It is the beginning of 2017.Time to look back so that we can better understand what lies ahead.
This year will probably brng a lot of changes… And while no one knows exactly what is ahead of us, we can still look back at how condo-hotels fared in 2016, and how the Plaza Resort & Spa did in previous years, and see if there is a trend that may get even more visible in 2017.
I usually write one blog trying to look at the condo-hotel market and talk about the trends and even do a foolish thing trying to predict where the … (2 comments)
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daytona condohotels: Daytona Beach Condo-Hotel Market
- 01/10/17 07:42 AM
It is 2017. New year, new expectations, and new realities we will have to deal with. We have new President, a lot of hopes, a lot of changes coming… And while no one knows exactly what is ahead of us, we can still look back at how condo-hotels fared in 2016 and see if there are any signs of a trend that may get noticeable in 2017.
I usually write an annual blog trying to look at the condo-hotel market. When you are in in your daily routine, it is easy to lose sight of a bigger picture.It is easy not to … (6 comments)
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daytona condohotels: Ocean Walk Resort in Daytona Beach. October 2016
- 10/02/16 12:03 AM
Slow Market… Crazy Market… Ocean Walk Resort is the crème of the crop resort in the heart of Daytona beachside. It is the only condo resort, which was built this way, not hastily converted from an old hotel. It is also the newest condo-hotel in the area.
The South Tower built in 2001, and North Tower completed in 2004.
The resort brought life to the heart of Daytona’s beachside…
Last couple of years the market for Ocean Walk was tough, plenty of units for sale, low prices, and month after month you could see the same units for … (8 comments)
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daytona condohotels: Daytona Beach, FL. Hawaiian Inn. September 2016
- 09/19/16 06:25 AM
Hawaiian Inn Beach Resort is a premier condo-hotel in Daytona Beach Shores.This 208-unit building is one of the most popular condo-hotels in Daytona Beach Shores and in greater Daytona area.
As of September 15, there were twelve condo units for sale. Starting price $39,500 for a small oceanfront studio to $144,900 for a 534 sq. ft. one-bedroom oceanfront unit.
12 unit for sale in a 208-unit condominium building is less than 6%, which is even less than “healthy” 7%. And it does not seem like we are in a stable market. We have not yet recovered from a decade-long slump, and prices are … (0 comments)
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daytona condohotels: Oceanside Inn in Daytona... What Numbers Show
- 07/31/16 12:16 AM
Once in my younger life I was fascinated with the idea of a black box. It can be anything, and enterprise, a device. You do not know how it works, but you are analyzing the input and output, and based on that you can make pretty relevant statements about the effectiveness of the system or the device. And I thought of trying this approach to Oceanside Inn.
Take Oceanside Inn, a premier Daytona Beach Shores condo-hotel. Let’s assume that I now nothing about Oceanside Inn. But I have access to some data. In my case it is the list of condo-hotels units … (2 comments)
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daytona condohotels: Fountain Beach Resort. July 2016
- 07/24/16 03:44 PM
There are 14 units for sale in this centrally located oceanfront condo-hotel. Comparing it to other condo-hotel, it does pretty well. The resort is in good shape both physically and financially.
Surprisingly they are doing even better than some condo-hotels, that used to be a level or two better and had better clientele. Fountain beach Resort moved up and some of their competitors went down.
It is a tricky business, and making predictions here is nearly impossible. In the time I am involved with condo-hotels some have risen out of the ashes (sounds better than if I said from the dirt :), and … (2 comments)
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daytona condohotels: Daytona Beach Club. April 2016
- 04/06/16 02:27 AM
Daytona Beach Club is a few blocks north of International Speedway Blvd. and only couple of blocks north of Main Street, the bikers’ Mecca of the World, or where it used to be before…
A 117-room condo-hotel. L-shaped building with 7-story part facing the ocean and longer leg with ocean view and limited or no view units in the 6-story part of the building.
Underwent major renovation a few years ago, concrete restoration work on the garage, but when you think that now it all should be fine for years to come, it is not. There is work to be done, but the … (4 comments)
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daytona condohotels: Ocean Walk Resort in April. Market Snapshot.
- 04/03/16 05:58 AM
Ocean Walk is the only condo-hotel in Daytona Beach, which was not originally built like a hotel and later converted to a condo-hotel. It was built this way. And this also makes it the newest condo-hotel on our horizon. 19-story South Tower was built in 2001, and 25-story North Tower was built in 2004.
I lived not far from where it stands now, and I remember walking the streets late in the evening. Daytona was either full of people, if the event was in town, or it was dead. One day after the event, and Atlantic Ave was dead, papers, plastic and … (4 comments)
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daytona condohotels: Fountain Beach Resort In Daytona Beach. April 2016
- 04/01/16 01:59 AM
Fountain Beach Resort
This 148-room condo-hotel in the heart of Beachside is an interesting story. While we see decline of some fancier and glitzier condo-hotels, struggling with the market plus objective and subjective issues, Fountain Beach Resort is doing quite fine, as if it is in a different market whatsoever.
There were too many things that were supposed to work against them: owning Front desk, owning Bar and restaurant… things that usually topple condo-hotels, and Fountain is not simply surviving, it is prospering, and this is amazing.
I was the one, who was always very skeptical of a condo-hotel, operating in this manner. I … (1 comments)
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daytona condohotels: Castaways Beach Resort in Daytona Beach Shores. March 2016
- 03/26/16 11:53 PM
Castaways Beach ResortCastaways Beach Resort is one of older condo-hotels in the area. It was built in 1960. In 1997 it was bought by developer W.L. Summers, and converted to condo-hotel. Outside corridor system. View of the ocean from every unit. Ample parking on the lot.
Amenities include outdoor pool, fitness room, laundry in building, Game room, Meeting room.
There are currently only 2 units for sale in Castaways Beach Resort. One is for $49K and the other, direct oceanfront unit, is for $100K. However, both are standard units and are small, 331 sf, without the cooktop, that deluxe units offer.
Since January 1, … (4 comments)
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daytona condohotels: Which Daytona Condo-Hotel is the Best Buy?
- 02/08/16 03:00 AM
I get this question a lot. To tell you the truth, I do not know. Or, better say, it depends.
It depends on how you plan to use it yourself, it depends on your expectations of rental income, future resale value, opportunity to manage yourself or the opposite, i.e. minimum headache, financial stability… whatever.
And, of course, the priceWe all want the least expensive and at the same time the most profitable, the nicest, the safest…
I get it, I get it, I get it… But in real world it does not work this way. In real world you get what you paid for.
So, … (4 comments)
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daytona condohotels: Hawaiian Inn in Daytona Beach Shores. January 2016.
- 01/08/16 12:51 AM
Before delving into Hawaiian Inn, it makes sense to get the general idea of condo-hotel market. You can do it by following this link to an overview of our market.
Hawaiian Inn is 208-unit oceanfront condo-hotel in Daytona Beach Shores. Excellent grounds, majority of units are direct oceanfront. Outdoor and indoor pools, restaurant, gift shop…
One of the most popular condo-hotels, and one of the busiest hotels in Daytona Beach Shores and in Daytona Beach area.
13 units for sale as of January 8, 2016. Starting price is $42K for a studio with city view. Highest asking price is $129,900 for an oceanfront 1-bedroom unit.
Units … (3 comments)
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daytona condohotels: Understanding Daytona Beach Condos
- 12/02/15 10:47 PM
I received an email. Harry was thinking about buying a condo on the ocean with a good view. He will not live there, but rather come time from time, and would love to rent it when he is not in Daytona.
He is looking for something inexpensive, he will pay cash, and he does not plan to rent.
And while responding to this email sounds easy, it is really not. It is because “inexpensive” usually means condo-hotels, but if you buy a condo-hotel, and not rent it out when you are not using it, it is like buying a plane, and never fly … (8 comments)
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daytona condohotels: Daytona Beach Club. December 2015 Market Snapshot
- 12/02/15 02:13 AM
Daytona Beach Club is an oceanfront condo-hotel 2 blocks north of Plaza Resort & Spa, 5 blocks fro Ocean Walk Village with shops, restaurants, movie theatre… Walking distance to main Street, Boardwalk, waterpark, all the buzz of the heart of Daytona beachside…
117 unit condo-hotel was built in 1970. They lost the Front Desk operation after the management company, running rentals, could not survive in the falling market and had to leave. Nobody came to replace, and this is a condo-hotel without the operating front desk.
But this is Daytona Beach, and the city either does not have the same rules as its … (4 comments)
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daytona condohotels: 1-Bedroom Condos in Ocean Walk in Daytona Beach
- 12/01/15 08:13 AM
Ocean Walk is by far the nicest condo-hotel in the area. So nicea, that they do not even consier themselves a condo-hotel, and proudly call themselves condos. Which is fine with me, you can call me a pot for as long as you do not stick me into the oven...
But remember that if you quack and all that? So for me a resort with the Front Desk operation and minimum one day rental sounds like a duck condo-hotel.
It is the newest condo-hotel - OK, OK - condo, built in 2001 and 2004 (there are two towers). The great part about them … (4 comments)
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daytona condohotels: Oceanside Inn, Daytona. Glimpse at December Market
- 12/01/15 07:05 AM
Oceanside Inn is undergoing major renovation – replacement of the garage on the north side of the resort. The concrete structure is already in place, but there is still some work and it is highly unlikely it would be finished by the end of the year.
I heard that it is expected to become operational by February, which is a key month for the tourist industry because of the series of races ending with Daytona 500.
13 units for sale starting from $29,900. 2 next priced units are under 40K, and then up.
Of course, whenever there is work done on the property, the … (2 comments)
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The Plaza Resort & Spa
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