PALMA Mysuite is the first true Italian player in the Condo Hotel segment.
The Condo Hotel formula, although consolidated in the rest of the world, represents for Italy an innovative service model and PALMA Mysuite is the answer to an ever-growing demand by high-spending travelers for accommodation where they can find all the comforts of their home.
The Condo Hotel represents a perfect synthesis between a hotel and a private home, between a high-quality tourist-accommodation service and an investment in a prestigious property: the buyer of a suite has the full property while PALMA Mysuite takes the responsibility for the management, by renting the suite when it is not used by the owner. In other words, the buyer of a suite acquires all the advantages of owning a second home in a prestigious destination, without any management commitment or maintenance costs.
Furthermore, when he is staying at his property, the owner benefits from all hotel services as a VIPcustomer.
This formula allows to valorize a high-end real estate investment, thanks to the service component, resulting much more interesting than a traditional real estate investment. This should not be confused with multi- ownership or other forms of time-sharing: in this case the buyer has the full ownership of the suite and enters into a normal management agreement with PALMA Mysuite.
The first Condo Hotel developed by PALMA Mysuite is a destination in the Langhe & Monferrato, an area recently awarded as World Heritage by UNESCO: it is a 14th century castle located in Castellero, which is being transformed into a luxury Condo Hotel and will be operated from 2022.