Last year, every 7 seconds someone in the U.S. celebrated their 50th birthday. Over the next 15 years, nearly 80 million baby boomers will retire in the United States. Overseas, an additional 135 million World Boomers will opt for retirement. So where will all of these retirees look to go? Since the baby boomers are often referred to as the most affluent generation ever to retire, with more than $17 trillion of wealth being transferred over the next 20 years, industry experts believe that the 213 million boomers worldwide will be competing for a uniquely similar lifestyle. A lifestyle that allows them to spend time at home, near family and friends, but also allows them to retreat at months at a time. And because real estate investments have benefited them in the past, the boomers will look towards some sort of second home ownership to escape to.

Insert the concept of a Condo Hotel, and now the boomers have an investment and vacationing option that makes sense. Condo Hotels allow their owners the option to vacation at some of the worlds most desired locations, with all of the amenities of a 5 star hotel and the conveniences of a condominium. And when they are back home watching their grandchildren grow up, they can still generate monthly revenue by renting their unit. Furthermore, since demand will quickly surpass the supply of condo hotel units available, and because they are being built in such highly desirable locations, owners can expect to see a great amount of appreciation on there investments.

If only 2% of the baby boomers choose to purchase a Condo Hotel, then 1.5 million units will need to be built in order to meet their demands. Overall, Condo Hotels will provide owners a carefree experience whether they are staying in their unit or it is being rented out., after all, isn’t relaxation what retirement is all about!