What is a Condo Hotel?

A condo hotel, is sometimes refereed to as a hotel-condo or a Condotel. A condo hotel is typically a high-rise building that is a luxury hotel with privately owned condominiums. Condo hotels are usually found in larger cities and resort locations. One prime example of a condo hotel is Trump International Hotel and Tower in Manhattan, NY.

Condo Hotel

The condo hotel is a full service luxury hotel that has condominium units that are sold to the public. These types of condominiums are typically used as vacation homes and are serviced like any other hotel room in the high-rise. Owners of the condominiums can rent their space when it is not in use. The hotel chain manages every aspect of rental for the owner. Just like any other condo homeowner, HOA fees are to be paid for services such as the use of exercise facilities, security, pest control, repairs, maintenance of the pool and parking areas, as well as owner management and administration fees.

The luxury hotel operates just like any other full service hotel. Most individuals that stay at condo hotels do not even know that there are privately owned condominiums within the hotel.