Comments on: Condotels

By: Condotels � Good or Bad Investment?

Condotels � Good or Bad Investment? — Tue, 01 Dec 2009 11:02:31 +0000

[...] to the RSS feed for updates on this topic.A few months ago Mr. Cheap at Four Pillars discussed the concept of Condotels, back then it was a new concept to me and sounded interesting so I decided to do some digging. [...]

By: A Week in Review: Edition #1 | My Findependence Day

A Week in Review: Edition #1 | My Findependence Day — Fri, 20 Feb 2009 18:19:36 +0000

[...] – Four Pillars looks at whether a Condotel is a worthwhile [...]

By: The Well-Heeled | Creating Wealth Through Knowledge

The Well-Heeled | Creating Wealth Through Knowledge — Fri, 20 Feb 2009 18:01:20 +0000

[...] Four Pillars: Condotels [...]

By: Friday Links | The Canadian Finance Blog

Friday Links | The Canadian Finance Blog — Fri, 20 Feb 2009 12:39:45 +0000

[...] Four Pillars had a post about condo hotels as an investment. [...]

By: Ray

Ray — Thu, 19 Feb 2009 16:51:18 +0000

I have never heard of it until now, the concept sounds interesting. I dont think I have a problem with it having a sales force, pretty much everything does now days (mutual funds, stock brokers, real estate agents etc.). It’s probably worth taking a closer look at.

By: Canadian Capitalist

Canadian Capitalist — Thu, 19 Feb 2009 16:48:53 +0000

You should mention the point that Thicken raises in his comment. These units tend to sell at residential prices but taxed at commercial rates. There was a lot of sob stories in the press about this.

By: Thicken My Wallet

Thicken My Wallet — Thu, 19 Feb 2009 16:35:06 +0000

What most people miss is that these units are taxed as commercial properties and not residential properties for property tax purposes in some cities and, in municipalities where the property tax base is downloaded to businesses, this could be a huge difference in taxes.

1 King Street has not done well in Toronto according to most people I know.

I tend not to like them because they take the disadvantage of a condo as an investment (you have no control over the expense side) and magnify it.

By: nobleea

nobleea — Thu, 19 Feb 2009 15:33:50 +0000

condotels are a great deal..for the developer and operator. the ‘investor’ takes on all the risk, and then pays the hotel operator to ‘maintain’ their property.

i think some reputable hotel brands have gotten on this bandwagon. and why not? they essentially get a hotel with little to no money down. they have to share some of the revenue, but it’s probably no more than what a mortgage would be on a billion dollar hotel.

By: Four Pillars

Four Pillars — Thu, 19 Feb 2009 15:02:06 +0000

Guinness, I haven’t heard of them either.

Cheap – I like your point that any “investment” that needs a sales team – probably isn’t. Same sort of deal as time shares.

By: guinness416

guinness416 — Thu, 19 Feb 2009 14:10:12 +0000

I’ve never heard of them (or it hasn’t sunk in) but I’m tempted to buy one in that swanky Trump building currently all over your site