Condo Hotels
A New Concept for Second Homes and Real Estate Investments
Condo hotels are typically high_rise, luxury properties in popular vacation destinations, such as near beaches, golf courses, casinos and theme parks and are usually operated by prestigious hospitality companies.
While to guests they may look like a regular hotel, the suites are individually owned as condos. The owners can use them when they want and place them in the hotel’s rental program when they’re not there, sharing in the revenue their condo generates.
An on_site management company takes care of everything from renting out the unit to operating and maintaining the property. For that reason, condo hotels are often referred to as problem_free vacation homes.
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