Hotel developments can take various forms, depending on the target market, location, investment strategy, and intended use.
Full-service hotels, such as can be found within luxury resort areas, offer a wide range of amenities, including restaurants, room service, conference facilities, gyms, and are focussed on business travelers, tourists, and conference attendees.
Limited-service hotels typically don’t offer on-site restaurants or extensive leisure facilities, and are aimed a the budget-conscious traveler, or those looking for a more simple and cost-effective stay.
Boutique hotels will usually have a unique design or purpose, often associated with the location, character, and even the owner who may be a famous personality.
Luxury hotels are high-end accommodation as inferrred by the title to offer exceptional services, and all the luxury amenities one would expect such as fine dining, spas, private pools, and concierge services.
Affluent tourists, business executives, and travelers seeking premium services and exclusivity would more than likely be foyund using a hotel that comes under the luxury category, hotels such as Five-star hotels, and brands like Ritz-Carlton and Four Seasons.
Resort hotels are located in leisure destinations (beaches, mountains, or resorts), and these hotels provide recreational amenities like golf courses, pools, spas, and activities.
Extended-Stay hotels, such as Residence Inn by Marriott, offer accommodations designed for longer stays, featuring larger rooms with kitchenettes or full kitchens, and are aimed at people who are relocating, or guests needing temporary housing.
Select-Service Hotels, such as Courtyard by Marriott and Hampton Inn, are similar to limited-service but may offer some extra amenities like a small breakfast bar or convenience shop.
Mixed-use developments are integrated into larger complexes that include other types of real estate such as offices, retail spaces, and even residential areas. These offer an all-in-one urban experience, often encompassing the skyscrapers or properties combined with shopping malls or residential buildings.
Convention center hotels, that are located next to or within convention centers and are designed to accommodate large groups for events, conferences, and conventions, and cater to conferences, corporate sessions, and exhibitors.
Each type of hotel development caters to a wide range of market needs, from budget stays to high-end luxury experiences.
Why Buy or Invest in New Real Estate Developments in Jordan.
Jordan’s location in the Middle East places it at a key crossroads between Asia, Africa, and Europe. The country has access to both the Red Sea and the Dead Sea, and is close to other major markets in the region, making it a prime location for international investors.
Jordan has a relatively stable political environment compared to many neighboring countries. The country is also a member of several international trade agreements, which can help foreign investors in terms of business regulations and property ownership laws. This includes the ability for foreign investors to own property under certain conditions.
There is a clear trend towards modern and sustainable real estate developments in Jordan. As demand for high-quality living spaces, modern office buildings, and mixed-use developments increases, new projects are incorporating eco-friendly practices and state-of-the-art designs.
Banks in Jordan offer relatively favorable financing options for both local and foreign investors, making it easier to access capital for real estate development. Interest rates on loans can be competitive, and government-backed programs often facilitate the process.
Real estate development in Jordan offers a variety of investment options, from luxury residential units in growing neighborhoods to commercial properties in the capital, Amman, and other emerging cities. Investors can choose from a range of property types to match their financial goals and risk tolerance.
