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What is a Condo Hotel?

 

 

Condo hotels are the newest trend in vacation home ownership.  Buyers can own a luxury vacation home and receive revenue whenever they are not using it.

Condo hotels properties are mostly large, high rise, luxury four or five star hotels. They are usually operated by the biggest names in the hospitality industry like Four Seasons, Ritz-Carlton, Sonesta, Starwood, Hilton, Clarion, Regent International, Rosewood, Conrad Hotels, Bulgari, Elysian, MCZ/Centrum and Le Meridien.   

Condo hotel owners have the option of putting their condo hotel unit into the hotel's rental program. This is what makes condo hotels so attractive. A professional management company takes care of renting out the units when they are not in use by the owner. 

By capitalizing on the hotel's name recognition, advertising, national affiliations, centralized reservation system and management expertise, condo hotel unit owners typically receive a higher level of rental income than they would from a traditional vacation home.

For financing option see the "Financing a Condo hotel tab"