A condo hotel, also known as a hotel condo or a Condotel, is a building, which is legally a condominium but which is operated as a hotel, offering short term rentals, and which maintains a Front Desk.
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 are not 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.
Home Max Realty International is an investment property specialists who have many solutions for your 1031 exchange. A 1031 exchange is an excellent way to reinvest your money into a more valuable property.
[showcaseidx_hotsheet name=”Condo-Hotels”]