Conclusion

    The decision to invest in a condominium hotel should be taken with great care. The sales materials issued by Teng & Associates, the tower’s developer, describe the amenities available and the lifestyle to be had at the Waterview Tower. However, if you are serious about purchasing these condominium hotel units, the economic implications should be studied carefully. This is especially important given the volatile nature of this market segment within this sector. An objective analysis of Shangri-La Chicago, performed by an outside hotel assessment company for the developer, should be obtained from the sales office, in the form of a prospectus or other report that gives you solid, credible projections for the stability and performance of your investment.

     If you have any questions, or wish to share your own experience in buying a hotel condominium, please contact Steven Donald at UNITE HERE Local 1, (312)- 663-4373, or email him at info@eyeonshangri-la.org. This report, along with updates, news and press announcements, can be found at this website, www.eyoneshangrila.org.