Skip to content
Subscriber Only
Business
Pursuits

Homebuyers Avoiding Chores Fuel U.S. Condo-Hotel Revival

Rainer Viete, who visits Florida from Venezuela about once a month, said he’s buying an apartment at the Hyde Resort & Residences hotel-condo project near Miami so he can order a meal or rent out his apartment when he wants.

“I love the amenities the building will have -- a restaurant that can provide room service, a concierge, maintenance, a person that can clean your place, valet parking,” said Viete, 25, who works for his family’s real estate company in Caracas. The $250 million project, scheduled to break ground in August, is already 85 percent sold.