Hotel condominiums are created by combining hotel facilities and condominium units into a single project. They can exist as standalone buildings or part of larger vertical subdivisions. Either way, the hotel rooms are sold as individual condominium units and form the condominium component, and everything else (common elements in a traditional condominium) forms the hotel […]
As a condominium attorney, I have always been fascinated with condominium hotels, and wrote one of my first published articles on condominium hotels in 2012. Condominium hotels can often be a great investment, as they provide a place for co-owners to vacation and rent their units for a portion of the year to earn supplemental […]
Residents in a Summerland resort community are suing for thousands in damages. Four residents of condos in the Summerland Waterfront Resort on Lakeshore Drive have filed a civil suit against the Resort Rental Resort Pool Association, along with multiple members of the strata board, after being sued themselves for not paying the expenses the resort […]
The co-developers of Z Ocean, a South Beach condo-hotel, will remain on the hook for an $8.2 million judgment after their appeal was denied. In an opinion issued last week, the Third District Court of Appeals upheld Miami-Dade Circuit Court Judge William Thomas’ 2020 ruling in favor of Louis Taic and his company Read […]
Five years after suing Miami Beach hotelier Keith Menin, their condo association and companies tied to developer Russell Galbut for allegedly authorizing nearly $30 million in illegal assessments to renovate and repair the Shelborne Hotel, 40 investors who bought rooms in the historic property have lost their battle. Miami-Dade Circuit Court Judge Beatrice Butchko last […]
The condominium association for the Sixty Sixty Resort in Miami Beach filed Chapter 11 reorganization in U.S. Bankruptcy Court on Dec. 5 amid a dispute between many of the condo hotel unit owners and the company that owns and operates the hotel. Read the article………….
Whether the setting is sun-and-sand, snow-and-ski, or an indoor water park, today’s destination resorts commonly feature real estate ownership programs. Structured as whole ownership, fractional ownership, or timeshare, these “residential” condominiums typically feature fully equipped kitchens and multiple bedrooms. This article provides a brief overview of this concept, using a turnaround case study to demonstrate […]