How Does the Hotel Part of the Condo Hotel Maintain an Adequate Supply of Hotel Rooms?
The CC&Rs, HOA articles and bylaws, rental agreements and related documents comprising the condo hotel must ensure the delivery of an adequate inventory of well-maintained condo units into the hotel rental management program for a reasonably long term. A successful hotel operation requires a minimum critical mass of rooms every night if the hotel is to be successful and viable for all involvedthe hotel operator and hotel guests as well as the condo unit owners and the HOA. Without a reliable room availability, guests, travel agents and meeting planners will take their business elsewhere. How do the condo documents and operating facilities assure the availability of a sufficient number of rooms when meetings and conferences have to be booked 12 to 14 months in advance? This is a particularly challenging issue given that an individual unit owner’s participation in the rental pool must be on a voluntary basis, and the use of a condo unit by its owner may not be unreasonably restricted. An
