1. What are condo resorts?
Condo resorts are typically luxurious properties that include amenities from full-service spas to infinity pools to fine restaurants and concierge services. To the average nightly guest, they appear to be the usual upscale hotel. However, the key difference is each of the hotel suites is individually owned.

2. Who can buy condo resort?
Any individual or company can purchase a unit in a condo resort. The buyer does not need hotel management experience.

3. How does condo resort ownership work?
You own your individual condo. You can use it when you want and enjoy all the amenities of the five-star hotel. When you're not in residence, place your condo in the rental program. The revenue your condo generates will be split between the hotel management company and you.

4. What is the Marival revenue split?
50% of the rate That the operator charges to the guests under the inclusive program will be applied to the rent fun. 100% of the net rate that the operator charges to guests under the European plan, will be destined to the rent fund.

5. What are the condo resort operator's responsibilities?
To earn its revenues, the management company operates the condo resort rental program and must market the units, take reservations, man the front desk, ensure the smooth function of amenities like restaurants and pools and also provide the hotel services from housekeeping to concierge and valet parking.

6. Are revenues from the condo resort units in a property pooled?
Yes, they are and there is a formula to ensure that owners receive a fair percentage based on the unit they own.

7. Who pays for maintaining and repairing common areas of the condo resort?
The cost is divided up among the owners who must pay a monthly HOA fee. The fees typically cover common area maintenance, property insurance, utility expenses and reserves. The hotel management company pays for its costs of operation including marketing, reservation systems, salaries and other direct hotel expenses.

8. Will developers guarantee occupancy rates in their condo resort?
No. They will not guarantee occupancy rates or revenues. For that reason, you want to be sure you select a property that has a well-known brand, good amenities and an appealing location to help ensure occupancy rates are high. Marival hotel guarantee 85% occupancy rate average year.

9. Are condo resorts just like timeshares?
No, condo resort give you whole ownership, whereas timeshares allot to you a specific week or two per year (and it's the same week or two every year) that you can use your vacation home. Also, condo resorts have a higher probability of appreciating over time and can be easier to resell than timeshares, which typically depreciate and are difficult to resell.

10. Is participation in the rental program mandatory?
No if you buy a villa or a penthouse.

11. Are the condo resort living restrictions decided by the developer?
Yes, it's the developer who decides how many days a condo resort unit owner can use his unit and how many days the unit should be placed in the rental program. The maximum time of use of the condo allowed to the owner is 12 weeks per year.

12. What is the benefit of buying a Marival condo resort versus some other brand?
The Marival name instantly infuses a property with value because It is one of the most known and respected Hotel in Vallarta. Marival has achieved 85% occupancy rate over the last 25 years with the highest client satisfaction. Marival condo resort will be of the highest quality, and they're willing to pay for that assurance, whether it is as a hotel guest or a condo resort buyer. Therefore, if you buy a Marival condo resort, you're not only getting a beautiful luxurious vacation home, you're also investing in a piece of real estate that has good appreciation potential.

13. Are condo resort primarily vacation homes or investments?
They're actually both.

14. What makes a condo resort successful?
The same things that make a hotel successful make a condo resort successful - good location, solid management, a strong brand and an attractive amenity package that will appeal to owners as well as guests.

15. What types of amenities should I expect in a Marival condo resort?
You can expect all the amenities and services you would find at a five-star hotel. These often include full-service spa, fine-dining restaurant, infinity pools, state-of-the-art fitness centers, concierge service and more.

16. What are the key benefits to owning a condo resort?
There are three. First is the concept of owning a hassle-free vacation home in an outstanding location. Remember, the hotel management company takes care of everything. Second is that you receive some rent revenue when you're not using your condo, and this income helps offset the costs of ownership and you could even see an annual profit, depending on different variables. Third is the idea of owning an asset that has potential to appreciate. When you choose to sell your condo resort unit, presumably it will be worth more than what you originally paid.

17. Does it cost extra to use a real estate broker to purchase a condo resort unit, rather than going direct to the developer?
No, it does not cost extra. The price is exactly the same, as everyone works off the developer's price list. Built into the prices is a realtor commission which either goes to an in-house salesperson or can be split with an outside co-broker. Either way, the final price to the buyer is always the same.

18. Are condo resort prices negotiable?
When you're buying a condo resort property in pre-construction, which is primarily what Marival Condo resort sells, the prices are usually not negotiable. The developer sets them, and everyone abides by them, including in-house salespeople and outside co-brokers. The only times that prices are negotiable are in extenuating circumstances such as you're buying more than one condo resort unit.

19. Can you get financing for a condo resort unit?
Yes. Many lenders offer condo resort financing.

20. When is the best time to buy a condo resort?
If you want the lowest price and the largest selection of units, the optimum time to purchase a condo resort unit is in early pre-construction stages. Developers have planned price increases throughout the selling process. If you get in early, you can take advantage of first-tier pricing.

21. Where can I get more information?
You can e-mail us at info@marivalresidences.com and we will promptly reply to your questions and needs. We will be glad to get in touch with you and provide the professional services you expect and deserve.