Who are the SEC and how do they affect condo hotel sales?
Please click on this link to learn why Realtors cannot sell you a condo hotel based on potential income. How do Condo-Hotels Work? By no means a novelty, the condo-hotel model is showing resurgence due to rising condo prices and the current “Midas Touch” perception of residential real estate. The most successful condo-hotels are those built as hotels first and then as condominiums second, as public space is needed to sell hotel rooms, while unit owners share in the popularity and success of the lodging operation. Alternatively, many deals have floundered where the developer built the tower as a condominium, and later sought to create a rental program and piece together the public space and amenities. For a hotel to operate smoothly when a different person owns each unit, it is imperative for a management company to have a contract with the owners. The management company can be either the developer of the property, or a group directly related to the developer. However, more increasingly
