What makes a condotel different?
Condotel properties are unique: they offer many features of a hotel, while individual units may be purchased as condominiums. The A-frame units pictured here are designed to evoke a Swiss ski village at the base of Winter Park, Colorado.
The property features a front desk, shared hot tubs, turndown service, resort amenities, an on-site restaurant and room service. When owners are away, a management company can rent and manage the units for a fee.
A condotel can offer a way to own in a favorite resort destination—from Winter Park, Vail or Breckenridge to the Las Vegas Strip—while enjoying hotel-style amenities. Ownership, rental arrangements and available services vary by property.
Financing a condotel
Condotel underwriting looks at the property as well as the borrower. Rental programs, front desks and short-term use can change which lenders may consider a unit.
Start with a conversation
Tell me where the property is, how you plan to use it and what you want the loan to accomplish. I can help you understand which details lenders will review and compare available paths.
What is condotels?
A condotel is a condominium with hotel-style operations or amenities. Conventional lenders often have restrictions, so specialized lending may be needed.