Mexico – The Singular Residence Hotel is a residential project that fuses the concept of a condo and a hotel.
The new development, in Playa del Carmen, comprises 62 condos designed to meet the needs of short-term holiday rentals. Described as ‘your residence and hotel business, all in one’, the model allows investors to buy a property as a holiday home, and rent it out as a luxury hotel suite when not in use.
Hotel management, services and amenities are all overseen by Singular, including room service, a concierge and housekeeping. Units are also offered with a lock-off option, where home-owners can split their apartment in two so that each part can be rented or used separately. In this way, Singular is re-imagining the timeshare as a new revenue stream for investors.
The line between home and hospitality continues to blur. Airbnb recently announced it would be using insights gathered from its short-term rentals to design and build houses. For more, read our Airbnb Brand Innovation Debrief.