Condotel

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A Condotel or Condo Hotel, is a combination of hotel and a condominium. A condominium operating like a hotel, usually with more amenities than a normal residential condominium building. Condotel units are individually owned by many different owners. While different complexes and resorts may vary, most give you the choice of renting the units out or using them for personal use. Many of them have a rental program and management on the premises, getting rid of all the hassles that landlords can encounter.