Daytona Beach Resort & Conference Center

By
Real Estate Broker/Owner with Daytona Condo Realty, 386-405-4408

Daytona Beach Resort & Conference Center is one of the largest condo-hotel resorts in Daytona Beach area. Even though it is located in one of the best places on the Beachside, across the street from Bellair Plaza with tons of stores, restaurants, and anchored by Publix Supermarket, it is not exactly a tourist destination. Better say it is a good mix of residents and tourists, where residents dominate the crowd.

Daytona Beach Resort & Conference Center

If you stay in Daytona Beach Resort & Conference Center, you do not need to have a car, as everything is just walking distance. And the best restaurants are all within 10-minute walk. The only other place like this on the Beachside, where you can survive withhout a car, is in Daytona Beach Shores.

Daytona Beach Resort & Conference Center

The resort was built in 1971. The conversion to condo-hotel started around 2000, and sales started in 2001. Still the Developer, DAYTONA BEACH RESORT LLC, owns 60 units out of 322 units in the resort, making it the longest conversion in Daytona Beach area.

Daytona Beach Resort & Conference Center

Situated on a little over 3 acres of oceanfront land with 442 feet along the ocean, the resort has plenty of space on their 32,000 sq. ft. pool deck with 2 heated pools, kiddie's pool with waterfall in addition to a heated indoor pool and 2 Jacuzzi .

Daytona Beach Resort & Conference Center

Daytona Beach Resort & Conference Center has changed dramatically since converting to condos. Developers spent serious money on upgrading the property, and it also had a second upgrade after the damage sustained in the hurricanes of 2004. It is an impressive property, marble floors, tons of mirrors to the point of complete confusion. 17,000 sq. ft. of meeting space allows them to host practically any event they want.

Daytona Beach Resort & Conference Center

All units have full kitchens. Some of the balconies on the north and south side are so narrow that you can hardly put a chair there. All units in the 12-story tower have view of the ocean, but in the 5-story south wing some do, and some don't.

Monthly Association fee is $450 for any unit, whether a studio or a one bedroom suite.

From the point of view of condo-hotel, I have mixed feelings about this property. They are a bit far from all the buzz, and this can affect rentals.Daytona Beach Resort & Conference Center I am sure one can argue that this is a very good location, and they simply have a different clientele. Maybe. I asked a great guy and my former mentor Alex, who taught me how to do night audit (gosh, this place had the most difficult night audit I had ever done), who's been working in Daytona Beach Resort & Conference Center for 16 years, about the operations, and he proudly said they were doing great. I trust him. He is the guy who watches money coming, so if he says they are doing great, there is money.

However, I know that for condo-hotel the more you have, the fancier you are, the more you pay. I understand that in summer both pools might be busy, but you are paying for 3 outdoor (including kiddie's) and one indoor pool, and this is maintenance.

The conference center part seems a mismatch for this property in this location. It is too far from the Convention Center and all the activities to really attract conventions. Also, convention business is a very specialized business, and I do not think they have a professional doing it. So, it is used for weddings, proms, church groups, local meetings, and other events that are not really money makers. Meanwhile you have to maintain the space, clean carpets, fix roofs, pay electric bills for AC, keep personnel to do all this work.

Not everything that is good for a hotel, is good for condo-hotel. Eventually it may reflect in higher fees and Special Assessment.

Picture of Jon Zolsky Meanwhile, Alex said they are doing very well, so, folks, keep it in mind. And here is the list of units for sale in Daytona Beach Resort & Conference Center in Daytona Beach.

Call me 396-405-4408

Comments (8)

Kirsten Lindquist
Pacific Union International - Sonoma, CA
Realtor - Sonoma Wine Country

Jon:  Interesting post for someone who doesn't know anything about condo hotels.  So can you rent them out when you are not using them? If so, are there quotas on the number of rentals allowed?

Jun 06, 2011 06:21 PM
Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Kristen - their Front Desk operates like a regular hotel. As for rentals, condo-hotels are not income producing properties. If they are covering their expenses (Maintenance fee + taxes), it is good. Better prperties (and Daytona Beach Resort & Conference Center is among them) are in the black. Many condo-hotels in the area struggle with that.

Jun 06, 2011 07:15 PM
Vadim Zolotarevskiy
FunCoast Realty & Management, LLC - Daytona Beach Shores, FL

I am not familiar with this resort, but sounds very interesting. I think I should stop by and check it out

Jun 06, 2011 08:19 PM
Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Vadim - it is the  one, which is very close to Plaza Resort & Spa in terms of size and ambience

Jun 07, 2011 02:38 AM
1~Judi Barrett
Integrity Real Estate Services 116 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

Jon,

What is a night audit?  Not terminology that we use.. Very good read.. Since we don't have condos, I love reading about the other parts of real estate that we do not have.

Jun 07, 2011 03:30 PM
Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Judi -night auditor is a person working in a hotel from 11 PM till 7 AM and who is balancing all the money that came during the  day from guests, restaurants, bars, catering...

By morning he has to complete the audit of all accounts, and give a printout to Housekeeping, so that they know which units they have to clean, etc.

Jun 08, 2011 03:06 AM
Anonymous
Joe @ conference center

That was really beautiful place, I really love looking at the pictures, I wish I could visit this place.

Aug 30, 2011 04:48 PM
#7
Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Thank you, Joe

Aug 31, 2011 05:48 AM