Palermo Tower Condo-Hotel - Buenos Aires

Luxury Condominium HotelPalermo Hollywood

Buenos Aires

Luxury Condominium HotelPalermo HollywoodBuenos Aires

Guest Rooms


Lobby


Guest Dining Room


Outdoor Patio


Fitness Center


Rooftop Terrace


Rooftop Pool


Location


Floor Plan


FAQWhat is Palermo Tower?Palermo Tower is luxury condominium-hotel development located in the heart of Palermo Hollywood designed with the most thoughtful approach to detail. The project was planned to provide the owner maximum flexibility. The units can be used to live in full time, used as a vacation rental, or a combination of both. Owners have the ability to place their unit(s) in the rental pool in order to receive income. The project was structured to provide maximum investment return and income potential.

Who designed the project?The developer, Utah-based Grupo EMR, contracted Altuna, Bullrich, and Cecchi, one of Argentina's leading architectural firms to design the project. Careful thought was placed to insure maximum investment return while maintaining the project's luxury and style.

Can I rent my unit?Yes, the project was designed to function as a full service hotel for those deciding to join the pool. Owners have maximum flexibility as they can live in their units, or either join the pool full time or part time. By joining part time they can occasionally use their unit and be in the pool when unoccupied by them. We offer complete property and hotel management through our affiliate Grupo EMR Management Co. Homeowners have the option to sign a contract with us, manage their own property, or contract with another company.

Why should I purchase a unit from Grupo EMR?We are American developers specializing in selling Argentina properties to foreign buyers. We will provide you with complete guidance with respect to the purchase process, obtain the necessary TAX ID number (CDI) for you, and handle all stamp tax payments. We take the bureaucracy out of the process. Argentine developers usually require cash for payment, we however accept payment via check or wire transfer to our US corporate accounts.


Does the nightly rental option provide good income potential?Yes, we believe the nightly rental option offers the best investment potential. Based on 30% occupancy, owners would receive a net return of approximately 7% annually. With an occupancy rate of 70% returns should exceed 18%. These returns are net of management fees, property taxes, utilities, and condominium association dues. Please see the pro-forma below for more information.

The nightly rate is the estimated average nightly rate, net of travel agent commissions, IVA tax, transaction cost for banks and credit cards, amenities, and other expenses outlined in the management contract.

Annualized expenses include the estimated monthly HOA dues and annual property taxes. This includes all utilities, security, internet,DirecTV, country club dues, insurance, and common area maintenance. These estimates are based on current rates for these services and current tax rates.

The hotel is managed as a true pool which means whether your unit is actually rented or not, you participate in the proportional revenue based on the number of units in the pool. For example, if in one month, the net revenue is 100,000 dollars and there are 20 units in the pool, each unit would receive $5,000 dollars regardless of how many times one's actual unit was rented.

We believe this is the most equitable way to operate. Should an owner decide to use their unit(s), they are entitled to do so without restriction, however their unit(s) would be removed from the pool during that period, and they would not be entitled to receive any income during that time.


Purchase Inquiries

Luxury Condominium HotelPalermo Hollywood

Buenos Aires

Palermo Tower Condo-Hotel - Buenos Aires

Real Estate

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