Question 1

WHAT IS THE PROCESS FOR RESELLING A HOTELA OWNERSHIP SHARE?

Accepted Answer

Hotela owner has the option to sell their ownership stake whenever they want. Owners have full autonomy over the sale and the value of their share. Hotela can help in determining the selling price. Hotela will facilitate the sale by leveraging its current pool of owners and promoting the residence on Hotela website and other external websites. The closing process is quick and efficient.

Question 2

IS IT TRULY UP TO THE HOTELA OWNER TO SET ANY SALE PRICE THEY WISH FOR THEIR SHARE?

Accepted Answer

While HOTELA may suggest a market price, the ultimate decision on the sale price is up to the seller. New owners must be approved by HOTELA.

Question 3

IS IT POSSIBLE FOR BUYERS TO NEGOTIATE THE SALE PRICE THAT AN OWNER HAS ESTABLISHED?

Accepted Answer

Certainly, we regard the resale marketplace as being flexible and adjusting in accordance with the open market, and as such, buyers are free to make offers. The seller reserves the right to accept or reject any offer.

Question 4

IF MY OWNERSHIP SHARE IS NOT SELLING, WHAT ARE THE OPTIONS AVAILABLE?

Accepted Answer

Apart from featuring the property on HOTELA and external websites, HOTELA will actively promote the ownership share through activities like open houses and advertising through email or direct mail marketing. In the event that buyer interest remains low despite these marketing efforts, we may suggest reducing the asking price.

Question 5

DO HOTELA OWNERS INCUR CLOSING COSTS, COMMISSIONS, OR OTHER TRANSACTION FEES WHEN SELLING THEIR HOTELA OWNERSHIP SHARES?

Accepted Answer

When an owner sells their HOTELA Ownership Share, the seller incurs a standard transfer fee of 3% of the resale price. There are no additional costs and fees.

Question 6

IF HOTELA OWNERSHIP SHARES ARE SOLD, WHAT HAPPENS TO THE NUMBER OF DAYS STAY?

Accepted Answer

If HOTELA Ownership Shares are sold, the new owner receives only the amount of available un-used days in the fiscal year for that share.

Question 7

IF HOTELA OWNERSHIP SHARES ARE SOLD, WHAT HAPPENS TO THE EARNED INCOME?

Accepted Answer

The new owner shall also be entitled to any income that has been earned and not yet been paid.

Resales

See the essentials of selling or transferring your HOTELA shares.

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