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Expert Analysis

Are Condo Hotels Making A Comeback?

Law360, New York (November 12, 2013, 1:48 PM EST) -- Condo hotels offer private individuals the opportunity to purchase a condominium unit for personal use part of the year and for rent to the general public as part of a hotel when it is not in use by the owner. These projects provide a source of financing for developers, a seasonal vacation home for unit owners, and the opportunity for unit owners to cover their costs of carrying their units so long as there is sufficient demand from renters....

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