Located in the heart of Chicago, just off the Miracle Mile, the Raffaello Condominium Hotel gives you the chance to own a residence with all the services, luxuries and amenities of a first class boutique hotel. You may choose to live there year-round or seasonally. Or you can use it as a weekend getaway or pied a terre.

Fully furnished suites, designed by award-winning designer Mitchell Freedland, start in the $260s. Each room has a queen-sized sleeper sofa, dry bar, refrigerator, microwave oven, flat panel televisions in the living room and bedroom, and high-speed Internet access. There’s also an owner’s closet that allows you to keep clothing and belongings in your suite.

The Raffaello has a fitness center, spa, restaurant, room service, and a professional concierge. Friends may use your suite as well – just contact the front desk to make arrangments. You also have the option of making your suite available for the hotel to rent out. Owners who join the rental pool help pay for expenses such as front desk, reservation, and housekeeping services. Revenue generated is then used to offset your share of those expenses.

When visiting Chicago for work, you have full access to the Raffaello’s business facilities and conference room. Even with an office in the city, the ease of having a pied a terre nearby will make those late business dinners and overnight stays in town so much easier.

The hotel condominium is one of the hottest concepts in urban real estate. Even the Private Escapes Pinnacle Club, a luxury destination club, owns a unit at the the Raffaello Condominium Hotel. And with 15 units left of the original 175, this may be your last opportunity to own one.

Do you own a unit at the Raffaello Condominium Hotel? Or have you stayed there as a guest? Tell us about it at tips@heliumreport.com.