What exactly is a condominium hotel?
Condominium hotels are a mix between a residential condominium and a hotel. Like The Hotel Janelle, they are typically luxury hotels with very desirable locations, such as beachfront resorts or downtown high rises. The units in the hotel are sold to individual owners who may use them as a vacation destination whenever they like. When the units are not in use, they are placed in a rental program. The hotel manager splits the revenue with the owner in exchange for professionally marketing, managing, and maintaining the unit.
