Condotels

Condotels
Source: Census.gov

Hotels in which all units are available for private purchase are known as “condotels” and are sometimes called "apartotels” if the units all have kitchens and baths or if the hotel is emerging from a former condominium apartment building. In “condotels” all (or almost all) units are privately owned. Units in condotels are frequently originally sold at “preconstruction prices” to finance property construction, conversion, or renovation by
distributing costs and debt burden among multiple mortgages. This model originated, and remains concentrated in resorts. It has been applied in major metropolitan areas where the condotel units are likely to be their owners’ primary or work week residences. At owners’ request, during their temporary absences, the management can arrange to rent units retail for short stays to vacationers, or to lease units to “temporary housing” brokers.

Voluntary one-time agreements to have the hotel rent out a private unit to transient guests during the owner’s absence (or sub-let a leased hotel unit) are gaining such popularity that in summer, occupancy of several older urban hotels changes from dominantly residential to dominantly transient. In New York City, there are examples of condo associations of residential apartment buildings (some originally built as apartments; some historically converted from former hotels) obtaining hotel licenses and contracting hospitality management firms so residents can more easily rent out their primary homes when they vacation or spend time at their second homes.

Hotel services are seamlessly provided to whomever occupies a condotel unit. The management of other condotels write standing agreements with unit owners and/or put legal provisions in unit deeds ceding to the hotel the right to lease units when not occupied by owners or their designees. Some portion of rental receipts are credited to condo owners.

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To learn more about a particular planned/gated community, click on the corresponding link below. The communities are sorted by location.

Alabang

Portofino
by Brittany Corporation

Bulacan

Alta Vida at San Rafael Estates
by Filinvest Land

Florida Villas
by SYSCO Development Corporation

Provence
by Communities Philippines

Cavite

Crown Amalfi
by Crown Asia

Laguna

Ayala Greenfield Estates
by Ayala Land

Brentville International
by Filinvest Land

Georgia Club
by Brittany Corporation

La Marea
by Brittany Corporation

Verdana Homes Mamplasan
by Ayala Land

Pampanga

Avida Residences San Fernando
by Ayala Land

Citta Del Sole
by Grayline Realty

Hacienda Royale
by St. Catherine Realty

Punta Verde
by St. Catherine Realty

Villa Del Sol
by St. Catherine Realty

Quezon City

Treviso Quezon City
by Filinvest Land

Rizal

Cottonwoods
by Crown Asia

Mille Luce
by Crown Asia

St. Alexandra
by Ayala Land

Timberland Heights
by Filinvest Land

Woodberry
by Crown Asia

Zambales

Alta Vista
by GP Homes

Club Morocco
by Sta. Lucia Realty

Subic Bay View
by Earthfield Development Corporation

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