Condo Hotel Center, Licensed Real Estate Brokers, Sheldon Greene, Joel Greene

HISTORY OF CONDO HOTEL CENTER

A Division of Sheldon Greene & Associates, Inc.

Licensed Real Estate Brokers, In Business Since 1970

A Long History in the Hospitality Industry

While condo hotels are fairly new, the people behind Condo Hotel Center have been in the hotel industry for many years.

Condo Hotel Center is actually a division of Sheldon Greene & Associates, Inc., which was founded in 1970 in Miami and is dedicated to the sale of hotels. A family-owned business, the firm has a long, successful background and an excellent reputation.

Sheldon Greene, Chief Executive Officer

Background
Considered a legend in the hotel real estate, Sheldon Greene was the founder of Sheldon Greene & Associates, Inc. the parent company of Condo Hotel Center. He established the business in 1970 in Miami, Florida, to specialize in hotel brokerage, a unique niche at the time. The firm soon achieved worldwide success and garnered respect throughout the hospitality industry.

Vision for the Future
In 2002, it was Sheldon who recognized the condo hotel niche and decided to dedicate a division of his company to this burgeoning field.

"I saw the concept of hassle-free luxury vacation homes as an ideal solution for baby boomers entering their retirement years as well as busy families who wanted to maximize their vacations and diversify their investments," Sheldon said.

"From a developer standpoint, condo hotels offer a way to make projects feasible that otherwise might not be in today's difficult lending environment. Getting financing for a $100 million hotel just isn't likely these days, but leverage the project with multiple investors who each own a single condo hotel unit and the project suddenly becomes viable. I see condo hotels as a win-win situation for buyers and developers."

Responsibilities
As CEO of Condo Hotel Center, Sheldon is the visionary for the company, seeing opportunities in places where others would never dream. His ideas and thoughts have been instrumental in keeping Condo Hotel Center at the forefront of the industry.

These days he spends much of his time working directly with developers in the pre-construction stages of condo hotels. He provides guidance in helping them get their projects off the ground and then helping them to move inventory when they become reality.

Experience
Sheldon has devoted his entire career spanning five decades to real estate sales, real estate appraising and consulting. For the past 35 years he has specialized in the area of hotels. He has made real estate law, having won a landmark case regarding hotel sales that had made its way up to the Florida Supreme Court.

Lectures
He has lectured at Florida International University School of Hotels; Miami Board of Realtors; National Innkeeping Association; American Institute of Real Estate Appraisers.

Florida International University has conferred upon Sheldon the title of Honorary Community Professor in recognition of exemplary personal services rendered to the students of the school.

Articles & Publications
Sheldon has written over 100 articles which have appeared in Hotel & Motel Management, Real Estate Today, Canadian Resort & Motel Magazine, International Motel Review, Business Leader, National Innkeeping, and Innside Issues. He also was the founder and editor of The Greene Florida Hotel & Motel Report for 15 years.

Memberships
Sheldon has faithfully served with dedication and distinction for 10 years as an Officer and Director of the Miami Beach Board of Realtors and therefore has been elevated to the status of Trustee.

Hotel Brokers International (HBI) granted Sheldon an Honorary Lifetime membership in recognition of service to HBI and the hotel industry in 2000.

Personal
Although in his 70's, Sheldon maintains an extremely active role in Sheldon Greene & Associates, Inc. and Condo Hotel Center. He can often be found at his desk not just weekdays but also weeknights and weekends.

When not working, he is usually spending time with his four grandchildren, twins Haley and Lindsay (age 8), and Ryan (14) and Katelyn (8).

Joel Greene, President

Background
Joel, a graduate of the University of Florida and licensed real estate broker, has always worked in the areas of commercial real estate. Originally, he specialized in the sale of apartment buildings and shopping strip centers. But in 1988 he joined his father's business, Sheldon Greene & Associates, Inc., where he focused his attention on hotels and motels.

In 2002 he began to see the first hints of the budding condo hotel market. He worked with Sheldon to launch a new division called Condo Hotel Center and assumed the role of President.

Corporate Philosophy
Under Joel's leadership, the company has grown rapidly and extended its reach from Florida condo hotels to properties throughout the U.S. and worldwide.

"We built Condo Hotel Center based on the premise that buyers are intelligent and savvy. If you give them accurate detailed information, they can analyze a property and determine whether it's right for them," Joel explained.

"No hype or hard sell is needed. That's been our guiding philosophy from the start - to become a reliable, trusted information source on condo hotels."

Memberships
Joel is a member of the Greater Miami & the Beaches Board of Realtors and has sat on the board's Grievance Committee and Professional Standards and Ethics Committee for the past nine years.

Interviews, Lectures and Publications
Joel has been referred to as an expert in the field of condo hotels and has been interviewed for many articles on the subject. He has been quoted in the Wall Street Journal, The New York Times, USA Today, Business Week, Travel & Leisure, CNN/Money Online and many other publications.

He is a guest lecturer to real estate and hospitality classes at Florida International University. He is also the editor of Condo Hotel Center's popular Property Alert newsletter.

Specialties
Joel works with clients from all over the world, many of whom not only appreciate his knowledge of hospitality products but also his firsthand knowledge of real estate in South Florida where he has lived since age three.

He has also become a world-renowned specialist in foreign real estate, particularly Dubai condo hotels. He recognized and capitalized on the investment potential of this new region long before any other North American realtor.

In addition to Condo Hotel Center, he manages Condo Hotels Dubai, www.CondoHotelsDubai.com, a niche website focused on condo hotel properties being developed in Dubai, U.A.E.

Personal
Joel is married to Jackie, a case manager at Health South Rehab Hospital, and they have identical twin 8-year-old girls, Haley and Lindsay.

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