HOTELS : RESORTS : VACATION HOMES

Condo-Hotel
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 aren’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.While not intended as a complete list, the most popular locations in the U.S. for condo hotels include: Chicago, Miami, Fort Lauderdale, the Las Vegas metropolitan area, New York City, Myrtle Beach, South Carolina and Orlando, Florida. Investors spent an estimated $250 million on condo hotels in 2006, with much of that spending concentrated on resort areas.

Resorts
A destination resort is a resort that contains, in and of itself, the necessary guest attraction capabilities—that is to say that a destination resort does not need to be near a destination (town, historic site, theme park, or other) to attract its public. Consequently, another characteristic of a destination resort is that is offers food, drink, lodging, sports, entertainment, and shopping within the facility so that guests have no need to leave the facility throughout their stay. Commonly these facilities are of higher quality than would be expected if one were to stay at a hotel or eat in a town's restaurants. Some examples are Atlantis in the Bahamas, Costa do Sauípe in the Northeastern Brazil, Laguna Phuket in Thailand and Sun City near Johannesburg in South Africa.

Vacation Homes

Vacation property is a niche in the real estate market dealing with residences used for holiday vacations (eg. beach house). The rapid development of the Internet and technologies such as telephony and personal digital assistants that allow people to work from home since circa 1995 has blurred the division between vacation property and a primary residence. Some business people, including the British entrepreneur Richard Branson, use their luxury real estate for both business and leisure purposes.
Source : Wikipedia



 

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