Ocean Walk Resort. What Kind of Animal Is It?
By Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices
(Daytona Condo Realty, 386-405-4408)
Ocean Walk Resort. A Condo or a Condo-Hotel?An excellent question. Honestly, I do not have a definite answer. Let’s think about it.First of all, the term condo-hotel is not a legal term. It is a condominium if we are talking about the form of ownership and in this sense it is not different from any residential condos.And it is a hotel or resort, if you look at it from the point of view of its operation. All other Daytona condo-hotels were built and used as hotels, that were converted to condominium at some point of time. They are hotels, where rooms were sold to individuals.Now they are Hotels with a twist. Owners have some rights, can stay in their unit for some time, can rent their units, can decide not to rent… But still they are run as hotels. And if you drive by, you would not know...
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