mandarin oriental tower, chicago

HOTEL RENTAL PROGRAM OVERVIEW AND FREQUENTLY ASKED QUESTIONS:

ABOUT THE RENTAL PROGRAM:

Q. What is a condominium hotel?

A condominium hotel operates as a hotel but also adds the legal and financial structure of a condominium. The Mandarin Oriental, Chicago Hotel Condominium offers qualified investors the chance to purchase an elegant and exquisitely furnished room or suite in a five star, luxury hotel in the heart of Chicago's new East Lakeshore neighborhood. Since it is a real estate purchase, a buyer receives a deed for a real property interest that the buyer can in turn sell whenever he/she chooses. And, because the condo unit or room is a real property interest, a prospective buyer should consult his/her 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 condo unit owner stays at the hotel, he/she has access to all of the hotel's amenities, including its two restaurants, lounges, meeting facilities and a world class spa, as well as exercise facilities. When the owner is not using his/her room, it can be made available to rent through the hotel's voluntary, rental program, or through any other means selected by the owner.