Is a Condominium Hotel Really a Hotel? Zoning Regulations Are Evolving to Be Sure
Paul D'Arelli
The recent condominium hotel craze has required developers and their real estate counsel to struggle with the issue of whether a condominium hotel unit is an interest in real property or a security that must be registered under applicable securitiie regulations. The general understanndin is that a condominium hotel unit in a properly structured and implemented development and markettin program will likely be recogonn) together with the opportunity to derive income from the unit when it is not...