$25M Sale Kick Starts Condo-Hotel Conversion

FORT LAUDERDALE, FL-DSI Sunrise LLC paid about $108,695 per room for the 14-year-old DoubleTree Guest Suites hotel. The company plans to invest millions of dollars in renovations and converting the hotel, located on the Intracoastal Waterway.

By Melissa Bogdany | July 20, 2004 at 07:16 AM

Paul Whalen says condo-hotel units are attractive because owners can get income while they are not occupying the units. "Condo-Hotel ownership is attractive to individual owners because it provides the unit owners with the benefit of a second home while at the same time having an income source from renting the room out through the reservation pool," he says.

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