en     ru     jp
 
 
private banking
private banking
private banking
private banking
private banking
private banking
private banking
     
 
Home
      
Knowledge Base
      
Financial Glossary
      
Condotel
       
 
Back

Condotel

 Search definitions     
  Search  

Condotel
A Condominium project that is operated as a hotel with a registration desk, cleaning service and more.
    
The units are individually owned. Unit owners also have the Option to place their unit in the hotels rental program where it is rented out like any other hotel room.
    
There are pros and cons to condotel ownership. Pros include rental income to Offset ownership expenses, a great vacation home, a cared-for home and potential price appreciation. On the down side, you might have to make a reservation for your own unit several days or weeks in advance. There are risks associated with all hotel ownership as well, such as occupancy rates that might be based on general economic conditions and potential destruction of the property.
    
Generally, condotels are sold as a second or third home.
Posted by  LISA Life Insurance Settlement Association
 
  Back  
  Print  
  Email  

 

private banking
Get Adobe Flash Player to view the media
FlashPlayer required to view the media
private banking
private banking
private banking
private banking
private banking

 
Home News Library Newsletters Event Calendar Advertise About Contact FAQ
Privacy Policy     Terms of Service
 

©