Tuesday, March 20, 2007

Orlando Expected to Be 2nd Largest Condo Hotel Market

Condo Hotel are operate like a hotel where the owner can rent out their unit to vacationers on a short term basis while not in use. There are usually amenities, guest check in and other services associated with a hotel. Occupancy fluctuates like hotel occupancy, and cannot be marketed as a business investment. Some may restrictions how often the owner can utilize the property. Orlando is expected to build 15,000 condo hotel units which would make Orlando the second largest market in the nation, behind Las Vegas. Please see full story in Orlando Sentinel.