How do rentals work in the Phase Two hotel condominiums like the Westin, Holiday Inn, or the Four Seasons Resort?
A. The Phase Two condo-hotel buildings are operated on a pooled shared revenue basis. This means that every day the revenue for the entire building is pooled together and allocated to each unit according to that unit’s “Interest Upon Destruction” value (IUD Factor). The higher the IUD value for the unit, the larger piece of the revenue pie you get. Even if your place is vacant you still share in the revenue pool. The only time you do not receive revenue, is when your condo is blocked off for personal use. A few buildings like the Holiday Inn share revenue on a ‘unit square footage basis’ however the majority hotels use IUD factors. The hotel rental manager in these buildings has the contract to handle the entire building and you must use the rental management company that is in place.
Related Questions
- I noticed the "official hotel" is the Holiday Inn Eastgate. Do I have to stay at that hotel to attend the events for the weekend?
- How do rentals work in hotel condominiums like The Westin Whistler, Holiday Inn Sunspree, or the Marriott on Blackcomb?
- How do rentals work in the Phase Two hotel condominiums like the Westin, Holiday Inn, or the Four Seasons Resort?
