Condo Hotel
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A condo hotel, also known as a hotel-condo or a Condotel, is a building used as both a condominium and a hotel.
Condo hotels are typically high-rise buildings developed and operated as luxury hotels, usually in major cities and resorts.
These hotels have condominium units which allow someone to own a full-service vacation home. When they aren’t using this home, they can leverage the marketing and management done by the hotel chain to rent and manage the condo unit as it would any other hotel room.
Location
While not intended as a complete list, the most popular locations in the U.S. for condo hotels include: Aspen, Chicago, Miami, Fort Lauderdale, the Las Vegas metropolitan area, New York City, Myrtle Beach, South Carolina and Orlando, Florida. Condo-hotels are also found at ski resorts and international destinations, such as Jaco, Costa Rica. Investors spent an estimated $250 million on condo hotels in 2006, with much of that spending concentrated on resort areas.
Location
While not intended as a complete list, the most popular locations in the U.S. for condo hotels include: Aspen, Chicago, Miami, Fort Lauderdale, the Las Vegas metropolitan area, New York City, Myrtle Beach, South Carolina and Orlando, Florida. Condo-hotels are also found at ski resorts and international destinations, such as Jaco, Costa Rica. Investors spent an estimated $250 million on condo hotels in 2006, with much of that spending concentrated on resort areas.
