The latest trend in vacation homes or second homes is the resort condo hotel. According to NAR, investment homes accounted for a quarter of all home purchases in 2004, and vacation home purchases an additional 13 percent. Condo Hotels first started appearing in places like Miami Beach and Ft. Lauderdale. They have increased tremendously in popularity and can now be found in places like Belize and Dubai.
As the owner of a condo hotel unit, you can keep your condo hotel as long as you’d like. Use it as a get-away-from-it-all vacation home if desired, all the while building equity for when you want to sell it. Marketed as a condominium located in a resort hotel, these private residences offer a practical way to own a vacation home, and offset some View the rest of this article
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