PHASE II OWNERSHIP
Properties with a Phase II covenant are generally found in the larger Condo/Hotels properties such as the Four Seasons and Pan Pacific Hotels. The covenant restricts the level of Owner Use to 56 days per year – 28 days in the winter and 28 days in the summer. The remaining days the property is available for rental through the in-house rental agency (e.g. Four Seasons). All owners are in a Rental Pool where they are receiving a percentage of the Gross Rental Revenue for all the suites in the hotel for each night of occupancy. These styles of properties are best suited to those coming to Whistler a couple of weeks a year or investors interested in revenue producing properties with an in-house management company.
CHANGE CURRENCY
