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The properties are typically large, high-rise, luxury hotels. Prices can range from $250,000 to over $1 million for prime condo hotel properties.
When the owners of condo-hotel units aren't using their units, they have the option of placing their unit into the hotel's rental program. This is what makes the program so attractive.
While the developer doesn't guarantee the rental of the unit, by capitalizing on a hotel's name recognition, advertising, national affiliations, centralized reservation system and management expertise, most unit owners typically receive a higher level of rental income than they would from a traditional vacation home...
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