Entrepreneurs in Las Vegas offer hotel-condo hybrid

Real estate crash has created numerous opportunities in residential real estate

Yes, the commercial real estate market crash hurt Las Vegas, but some people are fighting back. There is a company doing business here called Luxury Suites International that manages properties that are a sort of mix of condominium and hotel. They offer rentals of condominiums that have been converted into hotel suites and the rentals are often weekly or monthly. The charm of it is that they can rent for as long as they want, because they are not restricted to 29 days they way a conventional hotel room is.

Hotel-condo hybrid rentals average $114 a night and $1900 a month. Rentals are up all over Las Vegas and with the economy looking better and better every day, this year and next may be a great time to get in on the next wave in Las Vegas commercial real estate.