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.

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.

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.

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.

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.

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.

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