Condo Hotel Buyers
Condo hotel buyers purchase an actual condominium unit in an upscale hotel or resort. The property functions as a full-service hotel, and owners have access to all facilities, amenities and services just like hotel guests. They receive a deed to their unit and can use their vacation home when they want. When not in residence, they can place their unit into the hotel's rental program and share in the revenue it generates. Like most real estate investments, the owner can also sell his condo hotel unit at any time and may make a profit on its appreciated value.