Can condo hotel owners rent out their units themselves and keep more of the revenue?
In most condo hotel properties they can, but doing so defeats one of the primary advantages of a condo hotel, which is hassle-free branded property ownership. Most owners prefer to have the on-site professional management company find and handle guests. In addition, owners are likely to receive a higher level of rental income by participating in the property’s rental program which is administered by a professional management company that can capitalize on the hotel’s national brand and affiliation, its sophisticated reservation system and guest booking expertise.
