Hotel Condos and Condominiums Rising

About This Blog

A condo-hotel, hotel-condo, or a Condotel is a building used as both a condominium and a hotel.

This type of residential building meets several needs that make it attractive. As development costs increase, the cost of hotel development can make developing new hotels difficult, especially in major cities. By selling the units as condos, the developer moves much of the development cost to the condo owners. By owning units that can be rented as hotel rooms, the owners are able to get a return on their investment allowing them the ability to own a residence in a resort or major city.

The U.S. Government is very strict about the type of advertising that can be done vis a vis Condo Hotel projects. Some condo projects have advertised themselves as "Real Estate Investments" - since the value of these condos as a real estate investment is not entirely clear - the U.S. Government currently disallows use of this reference when advertising condo hotels.^{[citation needed]}

Condo hotels have been criticized in California for allowing developers to skirt laws designed to protect public access tobeaches. Because such a facility has hotel rooms, it can be classified as a public accommodation, even though the majority of the units are privately held, and the facility does little to accommodate the public. ^[1]

While not intended as a complete list, the most popular locations in the U.S. for condo hotels include: Chicago, Miami,Fort Lauderdale, the Las Vegas metropolitan area, New York City, Myrtle Beach, South Carolina and Orlando, Florida.

What is A Condominium?

Source: Wikipedia

A condominium, or condo, is a form of housing tenure and other real property where a specified part of a piece of real estate (usually of an apartment house) is individually owned while use of and access to common facilities in the piece such as hallways, heating system, elevators, exterior areas is executed under legal rights associated with the individual ownership and controlled by the association of owners that jointly represent ownership of the whole piece. Colloquially, the term is often used to refer to the unit itself in place of the word "apartment". A condominium may be simply defined as an "apartment" that the tenant "owns" as opposed to rents.

Condominium is the legal term used in the United States and in most provinces of Canada. In Australiaand the Canadian province of British Columbia it is referred to as strata title. In Quebec the term syndicate of co-ownership is used. In England and Wales the equivalent is commonhold, a form of ownership introduced in 2004 and still uncommon in most places.

Monday, December 29, 2008

Rittenhouse Square Tops Off Newest Tower

(Philadelphia, PA) The celebration has begun as the final beam was hoisted into place atop Philadelphia's latest luxury condominium building.

Wednesday, December 24, 2008

Big Changes Possible for Century Plaza

The new owners of the Hyatt Regency Century Plaza hotel announced plans to replace the iconic half-circle structure with two skyscrapers.

Tuesday, December 16, 2008

Housing Starts Fall 21% As Condo Construction Slows: CMHC

Housing starts fall 21% as condo construction slows: CMHC

http://condotelrising.blogspot.com/rpc_relay.html
http://condotelrising.blogspot.com/canvas.html

Friday, November 21, 2008

New Mega Complex Expected In Atlanta

A huge new hotel is expected to grace Atlanta's skyline. CBS 46's Ryan Deal reports.

Owen Geronimo RGG Global Business Networks San Francisco, CA, 94102 US	Work: (415) 683-1091 owengeronimo@gmail.com http://owengetsreal.blogspot.com
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Monday, December 29, 2008

Rittenhouse Square Tops Off Newest Tower

Wednesday, December 24, 2008

Encore Set To Open For Business

Big Changes Possible for Century Plaza

Tuesday, December 16, 2008

Housing Starts Fall 21% As Condo Construction Slows: CMHC

Friday, November 21, 2008

New Mega Complex Expected In Atlanta

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