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Updated 3 months ago on . Most recent reply
Condo Hotel (Condo-tel)
I’m newer to investing and came across a condo for sale in Florida which apparently is a “condo-hotel.” My understanding is that the building will rent this out for you and take a percentage. Does anyone know both the pros and cons of this type of investment? Thanks!
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Originally posted by @Tom Carmody:
I’m newer to investing and came across a condo for sale in Florida which apparently is a “condo-hotel.” My understanding is that the building will rent this out for you and take a percentage. Does anyone know both the pros and cons of this type of investment? Thanks!
I have looked into this in the past. They are difficult to finance and once the profit split with the hotel plus other fees are deducted from the gross they don't typically look like very good deals.