Anyone invest in Condo Hotels?
Pretty interesting concept, the building is split between hotel rooms and condos and when your not occupying the condo that you own, you can participate in earning revenue through having the hotel rent your room out. Although I haven't seen specific revenue potential, I'm curious to see if anyone here owns one and what your experience has been with it?
A few things that I can't help but wonder though, is when the hotel has vacant rooms they probably have no interest in renting your condo out (not good as a condo owner). Also, which condo gets rented out when someone checks in and is it as easy as bribing the front desk clerk to increase your rentable time?
If anyone has experience with this, I'd love to hear your thoughts on this concept.
WG
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