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How do hotel residences differ from condo hotels?

April 26, 2017condo differ hotel hotels residences

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How do hotel residences differ from condo hotels?

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Condo hotels offer a rental option. The owners can use their unit whenever they want. When they’re not using it, they can place it in the rental program and receive a percentage of the rental revenue it generates. A hotel residence, on the other hand, is never offered for rent by guests. Therefore, owners can use their condo whenever they want without advance notice, and they can decorate it any way they like.