Free US Law DictionaryBETA
A condo-hotel, also known as a hotel-condo or a Condotel, is a building used as both a condominium and a hotel.
Condo hotels are typically high-rise buildings developed and operated as luxury hotels, usually in major cities, in the US and around the world. These hotels have condominium units which allow someone to own a full-service vacation home. When they arenâ€™t using this home, they can leverage the marketing and management done by the hotel chain to rent and manage the condo unit as it would any other hotel room.