September 20, 2008
Hotel residence > Condotel > Timeshare?
I've written about timeshares and gotten a few positive and more negative comments. I've written about condotels and gotten no comments. Now I'm writing about hotel residences.
This article says that hotel residences are different from timeshares and condotels because the buyer owns the residence entirely (unlike a timeshare) and because the residence has a kitchen (unlike a condotel). Like condotels, there is a chance (hope?) that when you’re not using the residence others will rent it out and you can make some money or at least defray the expense of owning a vacation property.
One day I hope to be shopping for an expensive, fancy vacation home. I'll consider a hotel residence.
Posted by James Trotta at September 20, 2008 9:53 PM | TrackBack
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