Condominium

Search for glossary terms (regular expression allowed)
Term Main definition
Condominium

A hotel in which an investor takes title to a specific hotel room, which remains in the pool to be rented to transient guests whenever the investor is not using the room. The investor expects to receive again from the increase in the value of the hotel over time, as well as receive ongoing income from the rental of his or her room.

Synonyms: Condominium Hotel

Since 2012 Setupmyhotel.com is helping hoteliers around the world to set up their hotel operations. Get sample Stationery, Formats, Hotel SOP's, Staff Training Tips, Job Descriptions and more. See you around and happy Hoteliering.

Newsletter

Subscribe to our new interactive newsletter. Don’t miss on any posts.

Subscribe Now!
We do not spam!