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What are Condotels?
A condotel is a condominium project that is operated as a hotel with a registration desk, cleaning service and more. The units are typically individually owned. Unit owners also have the option to place their unit in the hotel’s rental program where it is rented out like any other hotel room to paying guests.
What’s the benefit of a condotel?
Condotels are structured as condominium projects, with individual unit owners. The difference is that unit owners can arrange short-term rentals of their units to paying guests, which is further accommodated by full-service staff and amenities such as a check-in desk, housekeeping, and concierge services.The unit can be used by the owner as a vacation home for personal enjoyment.
Why a condotel?
Condotels have gained massive popularity throughout the past decade due to the rise in popularity of short term rentals. Condotels are often more desirable than hotels for multiple reasons whether that be nightly price, ease of booking, or proximity to tourist attractions.