Nikki Beach Hotels and Resorts is joining the already-overstocked condo-hotel market with not one, but five, new residential resorts in warm-weather destinations across the globe. All condominiums will be attached to a five-star Nikki Beach resort, with each property boasting the hip restaurants, social atmosphere and deluxe spas for which Nikki Beach is known. Membership in an optional rental pool program will be available to all condo-hotel owners.

New developments on the Nikki Beach roster include a resort on the northeast tip of Providenciales in Turks and Caicos, two condo-hotel projects in Panama, an outpost in Fortim Midelo on the Cape Verde Islands, and an option on Roatan, an island off the coast of Honduras. The Turks and Caicos resort is already operational, and the rest of the developments, which offer a mix of condo-hotel and resort real estate options, will open their doors by 2010.

So far there is not an abundance of information available on pricing for the units, though the website for their Playa Blanca development in Panama claims they have sold out the 266 condo-hotel units on the property and are opening phase two sales on whole ownership residences. Time will tell if the combination of a recognizable brand and a selection of more exotic locations will allow Nikki Beach to succeed in the condo-hotel game where many others have recently failed.