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The Setai is a beachfront luxury condominium (163 residences) and a 75-room, five-star condo hotel located in Miami Beach. It is scheduled to open in December 2004.
The Setai will contain 75 condo hotel units. Units will range in size from 847ft² to 1,405ft². Condominium residences can be placed in the hotel''s rental program which will be managed by GHM (General Hotel Management, Ltd).
Here''s your chance to own an exclusive oceanfront condohotel or luxury condominium residence on South Beach. From the world''s #1 rated leisure hotel chain (GHM) comes their newest addition to their outstanding portfolio of 5 star properties. Global Hotel Management brings their excellence in luxury product and unparalleled service to one of the most exclusive holiday destinations in the world.
Prices for condohotel start at $675,000
Room rates for hotel will start at $900 nightly.
Managed by GHM.
Conde Nast Traveler and Travel + Leisure magazines named one of GHM''s hotels #1 leisure hotel in the world.
GHM named #1 leisure hotel chain in the world.
Rental income is split at about 70/30 in favor of the client.
Monthly homeowners includes all utilities for $500 per month.
Owner must pay Management company $3,500 per month in management fees for the first year and $5,500 per month every year after that.
One of the tallest buildings in the South Beach skyline, The Setai welcomes you home to The Residences with a stunning and stylish two-story-lobby. On the fifteenth floor, the residences begin with a collection of spectactular two-story "townhouses in the sky," then continue with twenty-two floors of luxurious condominiums, and reach the pinnacle with three final stories of magnificent penthouses which feature private infinity edge swimming pools on their own private terraces. And every lavishly appointed residence at The Setai will offer sweeping panoramas of the ocean, beach and Miami skyline.
Set amid tropical gardens and sparkling pools at the edge of the Atlantic Ocean, the condo hotel will feature a world-class restaurant; a crustacean, caviar and champagne bar; a 90-foot-long pool bar and grill; a magnificent two-story lobby with stone clad columns, teak screens and a stunning collection of unique and original art from around the world.
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