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.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.