Condo-Hotels
.jpg)
www.condohotels.com
A condo-hotel is just like a traditional hotel, however, in traditional hotels, the entire building is owned by one owner only, whereas in condo-hotels, each of the room unit in the building may belong to a different owner. These owners usually sign a contract with the management company who will manage and operate the hotel facilities, as well as each of the individual rooms. Then, there will be a profit sharing, and the owner can get anywhere from 50%-75% rental income from their unit. In addition, there are a few condo-hotel management companies that pool the remaining net operating profits in a year, and an additional percentage will still be distributed to the owners.