A Condo Hotel (or Condotel) is a hybrid between a condominium and a hotel. It is a residential property that is legally classified as a condominium but operates like a hotel, often located in prime vacation destinations or urban centers.
Each unit in the condo hotel is privately owned, meaning individuals can purchase them just like a traditional condo.
Owners and guests have access to amenities typically found in a luxury hotel, such as concierge services, housekeeping, pools, spas, gyms, and restaurants.
Many condo hotels offer owners the option to place their unit into the hotel's rental pool when they’re not using it. The hotel management then rents it out to guests, sharing the revenue with the owner.
Unlike traditional vacation homes, the hotel management company handles bookings, maintenance, and guest services, making it a hassle-free investment for owners.
These properties are usually in high-demand areas like beachfront resorts, ski destinations, or major cities.
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