Thursday, September 24, 2009

Are there any major brand name condo hotels that sell vacation homes that people can own?

Question:

Condo hotels are typically high-rise buildings developed and operated as luxury hotels, usually in major cities and resorts in the US and around the world. These hotels have condominium units which allow someone to own a full-service vacation home. When they arenĂ¢€™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.

Answers:

Palms Place - LV

I heard of that condotel concept years ago and probably hadn't heard a word about them until just now - so they can't have been very popular or good investments - I would google it along with the word "scam" and see if you get any negative info

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