Vista Mare has signed an agreement with CORAL HOSPITALITY CORP for the comercial and general Management of Vista Mare; it will be branded as a CORAL ELITE Condo Hotel and will maintain an active involvement in the project through it's shareholding in the resort.
Owners will enter into a management agreement as a choice of purchase which will govern the responsibilities of both the Managing Company and individual owners.
The Management company shall be responsible for the following services.
Financial Control
Marketing including room rate setting, negotiation and approval of contract room rates, travel agent and other commissions, direct marketing, promotional and discount rates and policies.
Recruitment, training, and governance of staff.
Operation and maintenance of common area facilities.
Insurance policies for villas and common area facilities.
Negotiation and approval of contracts with third party service providers including television, internet, telephone, security, safety equipment, waste & pest control, laundry, pool cleaning, air-conditioning and pool servicing among others.
Routine and minor maintenance of apartments and common areas. The owners will have to pay a monthly fee for maintenance, management and insurances.
Operation and Marketing
Rental Options
Future rental will offer two different forms as follows:
Partial rental:
Offers the owner the possibility to rent one, two or three rooms of his apartment, as the spaces are individually dividable. The choice is his.
Full Rental:
Offers the possibility of renting his whole property for short term or long term.
In all cases, the rentals, if operated by the managing company, require keeping minimum preset furnishing standards.
If the owner joins the rental pool, he must whether comply with the requirements, or simply purchase a complete furniture package at a preferential price.
Marketing
The rentals will be offered to tour operators and travel agents World Wide.
Maintenance and Rental Pool
