What is a condo hotel or condotel?
Lay out of the condotel (Pinnacle)
Think of it as buying a condominium, although one that is part of a 4 or 5-star hotel. Therefore, as an owner, when you are on vacation, you will get the benefit of more 4-5-star services and amenities than you’d get in a typical condominium.
The big difference between a hotel and a condo hotel is that a hotel typically has one owner, either individual or corporate, but condo hotels are sold off unit by unit. Therefore, a 300 room condo hotel could have as many as 300 unit owners. A hotel guest will likely never know that the hotel has tons of owners because every room in the rental program will look identical to every other.
As the owner of a condo hotel unit, you may place your unit into the hotel’s rental program where it will be maintained and rented out for you, just like any other room in the hotel. As owner, you receive a share of the revenue that the rental of your room generates.
(from an interview of Joel Greene by Joshua Dorkin)
In the Philippines, its starting to be a trend in real estate.
The big difference between a hotel and a condo hotel is that a hotel typically has one owner, either individual or corporate, but condo hotels are sold off unit by unit. Therefore, a 300 room condo hotel could have as many as 300 unit owners. A hotel guest will likely never know that the hotel has tons of owners because every room in the rental program will look identical to every other.
As the owner of a condo hotel unit, you may place your unit into the hotel’s rental program where it will be maintained and rented out for you, just like any other room in the hotel. As owner, you receive a share of the revenue that the rental of your room generates.
(from an interview of Joel Greene by Joshua Dorkin)
In the Philippines, its starting to be a trend in real estate.
Check out this photos of condotel units for sale in Boracay island, Philippines.
Enchanting view at night at the Alta Vista Condotel in Boracay island, Philippines.
Lay out of the condotel (Panorama)
Lay out of the condotel (Pinnacle)
Contact Fortune thru mobile 09215396520 or email them thru fdelrosario7710@yahoo.com.
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