The Viceroy acts as both a luxury hotel and a residential condo complex, blending ownership with hospitality. Each unit is privately owned, yet 90% participate in the Viceroy rental program, allowing owners to gain passive income while maintaining access to amenities. Only about 10 residents live year-round, enjoying a hotel-like lifestyle. Some units sit unused, awaiting resale for profit. Managing rental and ownership simplifies the experience for owners who want the benefit of a vacation home without the hassle of upkeep.
"Every single unit here is owned by an individual person, but in this building, 90% of those people put them back into the Viceroy rental program."
"They love it. There's a couple that comes down and has a meeting and cup of coffee at the end of the bar every morning."
"We manage it, we rent it out, and they don't have to do anything; they come and enjoy it when they want."
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