The hottest trend in new hotel development these days is condo hotels. "They are all over the place," says Patrick Ford, president, Lodging Econometrics, Portsmouth, N.H., including major convention cities like Chicago, Las Vegas, and Orlando. With condo hotels, either all or some of the units are owned by individuals, who essentially buy the use of the room as a vacation spot for between two to four weeks per year. Developers like the model because it provides a front-end revenue stream, ...

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