The Condo Hotel Room is another one of those dangerous real estate investments some people got into during the last boom.
Now that boom is a bust and a lot of people are upset.
What exactly is the Condo Hotel Room?
An investor buys a hotel room from the developer.
He is investing on the assumption that he will get paid something every time the room is rented.
Doing the math may not be so easy. What’ s the rental percentage and what if the room is not rented?
A lot of investors, however, bought into some condo hotel rooms at such exciting places as the Signature at the MGM Grand in Vegas and the Trump INternational Hotel & Tower, also in Vegas.
All I can say is all that glitters is not always exactly golden.
Read more about Hotel Condo Rooms at Hotel Condo Buyers See Investments Sour