Document Type

Blog Post

Publication Date

11-4-2024

Abstract

As of mid-2023, there were 690 completed branded residence schemes across the world, with over 600 schemes in the pipeline expected to be delivered by 2030. Branded residences have become increasingly popular in the luxury real estate market, offering a unique blend of high-end living and hotel-like amenities. These developments, often associated with renowned hotels, present an attractive proposition for buyers seeking both a personal retreat and an investment opportunity. The rental programs offered by developers and branding partners in these luxury projects is one of the main attractive aspects for buyers. It offers the owner the best of both worlds; the luxury of enjoying the elegant lifestyle while at the same time offsetting the premium cost, such as service charges and other fixed costs when not in-residence. Typically overseen by the brand operator, these programs handle all aspects of rentals, from marketing and bookings to guest services and maintenance. The differing goals of buyers can create tension and conflicts within the community, especially when it comes to revenue distributions and amenity usage. As conflicts arise, Alternative Dispute Resolution offers a more efficient and harmonious approach to resolving disputes in the unique context of branded residences' rental programs.

The print edition of the issue has also been released. This post was originally published on the Cardozo Journal of Conflict Resolution website on November 04, 2024.

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