Hotel Condos
Major hotel brands such as Ritz-Carlton, Four Seasons, and Aman are creating high-end mixed-use developments that combine a hotel, condominiums, and commercial spaces, sometimes called "Condo Hotels." They operate as integrated hybrid properties that share an operational infrastructure. Key components include:
- Hotel operations that provide centralized guest services (housekeeping, front desk, and room service).
- Condominiums that give owners access to hotel amenities and its rental program.
- Commercial and retail space that houses ground-floor restaurants, retail stores, or office suites.
|
|
Condominium |
Hotel Condo |
Timeshare |
| What you get |
Often two and three bedrooms, and always with a kitchen |
A hotel room, from standard to suite, often without kitchen facilities |
Ranges from studios to penthouses, usually with kitchenettes |
| Length of Stay |
May occupy the unit anytime, 365 days a year |
Generally, the length of stay is limited, typically one week to three months |
Entitled to occupy during the share purchase done or two weeks, for example |
| Ownership of a Unit |
Whole |
Whole |
Shared |
| Annual Fees |
wide variance |
$350 to $2,300 (usually includes utilities) |
$450 to $750
|
| Renters |
Rentals may be restricted by the homeowner's association CC&Rs |
Owners usually must make the unit available for rent when not occupying it by joining the developer's sponsored rental program, hiring an independent rental agent or renting the unit themselves |
Varies by management company |
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