Condo hotel

[citation needed] Condo hotels have been criticized in California for allowing developers to skirt laws designed to protect public access to beaches.

While not intended as a complete list, the most popular locations in the U.S. for condo hotels include: Aspen, Chicago, Miami, Fort Lauderdale, the Las Vegas Valley, New York City, Myrtle Beach, South Carolina, and Orlando, Florida.

Condo hotels are also found at ski resorts and international destinations, such as Jaco, Costa Rica, Thailand,[4] and most recently Sint Maarten.

Note that analyzing the economics of a condo hotel unit is extremely difficult because of the challenge of getting accurate information about the potential income stream.

[5] The primary factors that contribute to the financial outcome in ownership are rental revenue, appreciation or depreciation, lending and tax deductions.

[citation needed] Mortgage rates may be a full point higher, and in the past this was especially true because financial institutions were unfamiliar with the condo hotel concept.

Pre-construction purchases require a significant down payment, and buyers will not see financial return or be able to use their unit until the hotel is completed and ready for operation.

Along those same lines, a property located in a ski resort must weather powerful winter storms and must also deal with snow removal services.