Residences with services
Residences with services are buildings composed of several accommodations (houses or apartments) which offer a minimum of services such as:
- reception desk
- linen
- cleaning
- maintenance
- breakfast
Several types of residences can be distinguished:
Students accommodation:
Student residences are developments which include several apartments, mostly furnished studios equipped with kitchenettes, located nearby schools or universities and public transportation.
The lack of housing for students makes these residences a real opportunity of investment from the moment the choice of the location is adapted for this kind of accommodations.
The management of student residences is much simpler than other sorts of residences with services thanks to the high demand and the fact that students occupy their accommodations at least 10 months a year (no frequent change of lessees).
When the location and the quality of the residence are good, the apartments a rented by the management company to tourists during summer time, which increases considerably the rental return.
2 types of tourist residences : leisure and business
The « leisure » tourist residences need to be located within touristic areas with high potential.
On top of usual services, those residences often offer facilities such as: swimming pools, sports ground, saunas, steam rooms, whirlpool, kids clubs,…
The accommodations are rented out on a weekly basis. The choice of the management company is very important, since its ability to rent and maintain the premises will be the key of the success of your investment.
We only select the best managers.
The « business » tourist residences are an alternative to traditional hotel business.
Mainly composed of studios (approximately 80%) and one bedroom apartments, those residences need to be located in city centres or close to important business centres well served.
The market for business or hotel like residences offers a great potential since a very few hotels have been built those ten past years but also because the traditional hotel industry is ageing.
Senior residences enable to anticipate the ageing of the population:
The potential of senior residences is really high. They host people from 55 to 75 year old who can decide to rent or buy these sorts of premises. New renters or purchasers can be easily found provided the apartments are managed by quality operators.
Residences for older persons, dependent or not:
The yields on those residences for seniors are usually higher. The resale market is more restricted on those kinds of properties, and the initial goal of this sort of investment is more to generate complementary revenues.