Invest in Vegas Condo-tel a good idea?

[Sammie Xiao]

I am looking at a condo-hotel investment opportunity in Las Vegas. A condo also is part of a famous hotel in Vegas sold for over 400k in 2005, now it's only 200k. It has been involved in the hotel rental program. ( if you don't use it, hotel can rent it out and split profit w you 50%). Including booking cleaning etc. HOA covers all utilities .

What are the pros and cons in this concept? Anybody has experiences in owing these Condo-tel properties?

Thank you!