Las Vegas Condo-Hotels
Condo hotels are typically high-rise buildings developed and operated as luxury hotels, usually in major cities and resorts. These hotels have condominium residence which allows someone to own a full-service vacation home. When they are not using this residence, they can leverage the marketing and management performed by the hotel to rent and manage the condo as it would any other hotel room.
Revenue is typically split 50/50% with the hotel operator.
Condo-hotels are the only type of condos where nightly rental programs like AirBnB and HomeAway are permissible.