Owners of condo-hotel or condo-resort developments are facing cashflow problem as rental returns are far from expectations to pay off their mortgages. A part of the rental also goes to the operator who manages the hotel.
Hotel is a risky real estate investment as the occupancy rate swings. The markets for such developments are weak and thus owners might lose much should they sell.
* WSJ-CondoHotel *
Wednesday, April 9, 2008
Condo-Hotel Investment
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