A condominium hotel operates as a hotel but also adds the legal and financial structure of a condominium. The Colosseum offers qualified investors the opportunity to purchase a luxuriously furnished studio suite, or a one or two-bedroom suite in a unique hotel in Blacksburg, Virginia, the heart of Hokie Nation.
As this is a real estate purchase, buyers receive a deed for a real property interest that the buyers can in turn sell whenever they choose. Prospective buyers should consult with their tax and investment advisors to explore the potential for tax benefits and appreciation which should be like those available in any condominium purchase.
When the condominium unit owners stay at the hotel, they have access to all of the hotel's amenities, including its restaurants, bars, and spa facilities. When the owners are not using their suites, they can be made available to rent through the hotel's voluntary, rental program, or through other means selected by the owners.
