Time from time I receive emails asking me about the difference between condo-hotels and condos.
It is not a cross between the hotel and a condominium as stated in some articles simply because condominium is a legal form of property ownership, while hotel is a business, it is an operation. Condo-hotel is not a legal term. It was coined to describe a condominium, which is operated as a hotel, i.e. has a third party running Front Desk, and offers daily rentals and provides services for the guests as any other hotel.
You can look at condo-hotel as a hotel, where rooms were sold to individual owners, and are recorded as such in the county. As with any condo, residential or condo-hotel, owners own their rooms, and share undivided interest in common areas.
Owners of condo-hotel units, who chose to be on rental program, are receiving part of rental income, generated by the efforts of rental management company, which maintains Front Desk.
So, what is the difference between the condo-hotels and condos in Daytona Beach area? The answer is on my WordPress site.
I specialize in helping buyers looking for condos and condo-hotels. If you are thinking of one, call me 386-405-4408 or email me.
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