Compelling Double-Digit Yield Play In Panama City
A new boutique condo-hotel in Panama City focused on an all-suite platform geared toward business travelers (a strong and right now under-serviced niche within this market) has created an investment opportunity that could earn you double-digit yields starting from year one of operation.
The condo-hotel is a concept that you won't find in the United States, where their structure would put them under the jurisdiction of the SEC. However, elsewhere in the world, they can be an interesting investing option.
Condo-hotels operate by pooling rental revenues and distributing net profits to unit owners. While each unit is individually owned, the hotel operations and financial management work like a co-op.