Condominium Hotel is a Hotel in which a Customer takes title to a specific Hotel room. Unit owners may live in the Hotel permanently or use it as a second home. Depending on the management company,
unit owners have varying degrees of access to their hotel's amenities and services. Unit owners also incur budgeted maintenance and operating expenses.
Depending on the hotel's policy, unit owners may rent their units independently when they are not using the room or through the management company's rental program and derive income through a revenue-sharing arrangement. The unit owner generally expects to receive a gain from the increase in value of the hotel over time, as well as receive ongoing income from the rental of their room.