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