The Real Deal New York

Condo hotel units grow in popularity

January 01, 2006 12:00AM

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Some people like their hotel rooms so much they’re buying them. More and more nationwide, deals are being cut wherein a buyer purchases a hotel room, stays in it a certain amount of the year as if it were a private home, and then splits the rental revenue with the hotel during the other times of the year, when the room is reserved by hotel guests. more [NYT]

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