Palermo Place – Apart Hotel Hollywood
As of this month Palermo Hollywood now has a new player in the booming boutique hotel market. The superbly designed 26 unit building is located on Calle Nicaragua 5865 close to all the action the area has to offer.
Palermo place is of a new generation of boutique hotels that gives individual investors a chance to cash in on Buenos Aires’ rapidly growing tourism industry. Investors who bought units within Palermo Place are at liberty to use their property for any given amount of time per year can place their unit in the rental pool for the remainder. Early investors will receive a 26.6% return based on a 50% occupancy rate, the average occupancy rate currently in Bs As is 70%…… Do the math.
Apart from being in my opinion one of the best investment opportunities in the city Palermo Place stets the bar high for new construction in Cap Fed, the units within the building are well designed and extremely practical, the materials used are of the best available quality and the attention to detail is high.
The developers of Palermo Place are in this moment moving forward with their second development on Calle Charcas 4900. This building promises to be bigger, better and all together slicker than any other in the area. There are currently only six off plan units left for sale in this new building. Truly not an opportunity not to be missed!