One of the most innovative and complex forms of real estate ownership is the condominium hotel, which is the ownership structure of some of the most luxurious properties in New York and throughout the world.
However, regardless of whether the hotel and the residential units are luxurious or merely utilitarian, condo hotels require a complex set of relationships and agreements in order to function properly. In many instances some of the hotel rooms are offered as condominium units, and in others the hotel rooms are adjacent to the residential units or are on different floors, but the common factor is that the residential unit owners have the ability to utilize hotel amenities and services.
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