A recent development in real estate investing is the hotel condominium concept, also known as CondoHotels, Condotels, or other similar sounding names. For this article, the term CondoHotel will be used to denote this type of investment.
The basic concept is that an investor owns a particular condominium unit in a large building or development, which can be used by the owner, or rented to unrelated parties on a short term basis, as part of a hotel. The person renting the room may have no idea that the unit is owned by an individual.
