In recent years, international businessmen and groups have turned to a new type of real estate investment: the Boutique Hotels.

Boutique Hotels offer highly personalized services to their demanding and sophisticated clientele, a state-of-the art environment as well as unique amenities. Because they are generally smaller than typical hotels, they can offer customized travel accommodations and adapt their offer to specific lifestyles, making their guests feel "at home" when traveling abroad. 

Kijner & Sons International Realty gives you the main reasons why you should consider investing in a Boutique Hotel:

> Tourism is a major economic drive and represents a solid percentage of a country's GDP. For example, Tourism revenues for Thailand are on the rise and contributing to about 6% of the country's GDP (1) while the tourism industry in Costa Rica accounts for $2.2 billion per year, making it the most visited nation in the Central American region, with two million foreign visitors in 2008 (2). As for Florida, one of the world first tourism destinations, preliminary estimates for the second quarter of 2011 show an estimated 21.2 million travelers visited the Sunshine State, a 6.9% increase from the same period in 2010 (3)

> The emergence of a new wealthy middle class from developing countries such as Brazil, Russia, India and China (BRIC). According to a recent survey published during the 2010 World Trade Market Show in London, nationals of the BRIC zone were the leaders in worldwide tourism. They are eager to spend their money abroad and travel for leisure to distant countries (4). Indeed, "Chinese nationals spent more than US$15 billion on tourism abroad in 2002, and US$19.1 billion in 2004"(5). As pointed out in a recent article by the Adventure Travel Trade Association, "The number of tourists from China grew nearly 33 percent during the first quarter of 2011, compared to the same period last year, according to the U.S. Department of Commerce. By 2015, the number of Chinese visitors is expected to reach 2,350,000 per year"(6).

> There is a growing overall demand for Boutique Hotels as travelers are looking for more tailored services whether they are going on a vacation or business trip. Traveling is more and more seen as an experience and a lifestyle where discovering a new country and its culture starts with the hotel, people are staying at. It is thus crucial for hotel owners to set their hotel apart as potential guests have a handful of possible accommodations to choose from nowadays, especially with the many Internet offers available daily. Discerning travelers will choose their hotel based on a variety of criteria that go beyond its location and the size of the room. Owners of Boutique Hotels have to be trendsetters and offer their guests the unexpected. For example, they will get a famous French or Italian fashion designer involved in the construction of the hotel (some even ask for each bedroom to be uniquely designed, adding different features and amenities), set a "theme" to cater to a specific clientele and its hobbies, thus offering services and activities based accordingly, hire a renown chef for the hotel's restaurant, add a fancy spa, a golf practice, a dance studio or a library, offer concierge services that go beyond the usual and expected...

> Boutique Hotels provide investors with good rate of return as they usually target wealthier travelers who are willing to pay to get luxury amenities and a customized experience. 

> Because of their usually smaller size and "lighter" management structure, operating costs of Boutique Hotels tend to be less than those of larger chain hotels. Some Boutique Hotels are family-run businesses, with local staff and using local products whether being for the rooms, the spa or the restaurant. 

Looking to invest in Boutique Hotels in Thailand or in Costa Rica? Here are some of our current listings:

Beach Front Boutique Hotel 
Koh Phangan, Thailand
$4,362,411

           

Beach & Casino Hotel
Pacific Coast, Costa Rica
$13,000,000

           

Hotel and Restaurant
Playa Nosara, Costa Rica
$3,500,000

Hotel, Restaurant & Lake
San Vito, Costa Rica
$1,200,000


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For more information on commercial real estate opportunities in Florida, Costa Rica or Thailand, contact us at info@kijner.com.

To preview some of our current Boutique Hotels for sale in Thailand and Costa Rica, click here

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Sources

(1) http://en.wikipedia.org/wiki/Economy_of_Thailand

(2) http://en.wikipedia.org/wiki/Costa_Rica

(3) http://media.visitflorida.org/news/news.php?id=204

(4) http://fr.rian.ru/world/20101108/187811496.html

(5) http://en.wikipedia.org/wiki/Tourism_in_China

(6) http://www.adventuretravelnews.com/china-travel-trade-barometer-guides-u-s-travel-pros-to-chinese-market