Market Study

DELTA Associates Report of Hotel-Affiliated Condominiums

DELTA Associates, a Virginia-based market research firm specializing in commercial and residential real estate appraisal, recently completed a national research study of deluxe hotel-affiliated condominiums. The research focused on two areas: 1) pricing and 2) appreciation of hotel-affiliated condominiums.

The national study, which analyzed twelve major U.S. metropolitan markets, including Dallas, Texas, found three major summaries common in the markets studied:

	High-rise residences in deluxe, hotel-affiliated condominium developments sell for an average of 40-60% premium over comparable non-hotel affiliated projects.
	Condominium projects with no hotel affiliation but which offer hotel-like services also have a pricing premium over projects without such services, but the premium is typically 10%.
	Hotel-affiliated condos typically appreciate 22% faster than non-affiliated condominium projects.

Download the report in Adobe Acrobat (PDF) format.

"Today’s deluxe hotel-affiliated condominiums are a reinvention of an old phenomenon," said Gregory Leisch, CEO of Delta Associates. "They are the successor to primarily East Coast residence hotels such as The Barbizon, The Waldorf-Astoria, The Carlyle and The Pierre, all of which include condominium residences."