Are there any Honolulu Condotel Condos for Sale?
As of Wednesday, June 28, there are exactly 162 Honolulu Condotel Condos for Sale.
What is a Honolulu Condotel Condo?
According to Investopedia, a Honolulu Condotel is a condominium that is operated as a hotel with a registration desk, cleaning service and more. The units are individually owned but operated by a rental program of the owner's choosing. Honolulu Condotel owners usually have the option to place their unit in the hotels rental program where it is rented out like any other hotel room. There are pros and cons to Honolulu condotel ownership. Pros include rental income to offset ownership expenses, a great Honolulu vacation home, a cared-for home and potential price appreciation. On the down side, you might have to make a reservation for your own unit several days or weeks in advance. There are risks associated with all Honolulu hotel ownership as well, such as occupancy rates that might be based on general economic conditions and potential destruction of the property.
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