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Condo hotel. A condo hotel, also known as a condotel, hotel condo, or a contel, is a building that is legally a condominium but operated as a hotel, offering short-term rentals, and which maintains a front desk. Condo hotels are typically high-rise buildings developed and operated as luxury hotels, usually in major cities and resorts. [1]
In hotels, a property management system, also known as a PMS, is a comprehensive software application used to cover objectives like coordinating the operational functions of the front office, sales and planning, reporting etc. The system automates hotel operations like guest bookings, guest details, online reservations, posting of charges ...
A commercial office/retail building. Commercial property, also called commercial real estate, investment property or income property, is real estate (buildings or land) intended to generate a profit, either from capital gains or rental income. [ 1] Commercial property includes office buildings, medical centers, hotels, malls, retail stores ...
Condominium ownership is also used, albeit less frequently, for non-residential land uses: offices, hotel rooms, retail shops, private airports, marinas, group housing facilities (retirement homes or dormitories), bare land (in British Columbia) and storage. The legal structure is the same, and many of the benefits are similar; for instance, a ...
Getting a model room design down on paper can take six to 12 months. Procuring the product can take an additional two to six months, as many of the pieces are custom. “You know, they have to ...
We've seen eloquently written real estate listings for luxurious and quirky homes—long, drawn out adjectives and picture-perfect descriptions aplenty. But we've never read anything quite like ...
The five largest REITs in the United States are: American Tower Corporation, Prologis, Crown Castle International, Simon Property Group and Weyerhaeuser. [ 1] Notable publicly traded real estate investment trusts based in the United States include: Company Name. REIT Type. Ticker Symbol.
The Hotels Statler Company, Inc., was sold to Conrad Hilton 's Hilton Hotels in 1954 for $111 million, then the world's largest real estate transaction. [ 1] The Statler hotel in Buffalo was the first to be demolished after the Hilton acquisition, in 1968. The Statler hotel in New York became the Hotel Pennsylvania.