What is a Condotel?
A condotel is a condominium unit that is located within a hotel, providing the individual unit owner with many of the perks and amenities that a normal hotel offers, such as housekeeping, room service, etc. This hybrid concept of a luxury hotel that sells units as condos is gaining popularity across the country.
The condotel concept is appealing as a primary residence to empty nesters as well as busy professionals as it offers a high-service lifestyle with upscale amenities, with minimal upkeep on the part of the home-owner.
Condotels are also gaining popularity in resort areas as investment properties. Owners of these condo units benefit from rental income to offset the expense of the condo unit, a great vacation home, and on-site property management.
While lots of lenders have not yet gotten on board with financing condotels, as condo financing experts, Condotel-Loan.com and parent Hurst Lending provide loans for condos of all types. We offer condotel loans as well as loans for non-warrantable condo projects. If you have your eye on a condo hotel in Texas and you’re struggling to find condotel financing, don’t give up! We want to help you get into the home you want.
We provide condotel loans and financing for condo hotel projects throughout Texas. The condotel or condo hotel is one of the fastest growing real estate investment opportunities.
Condotel Loan Program Details
- LOAN SIZE: $100,000 to $1 Million
- LOAN TERMS: Amortized from 5 to 30 years
- FOREIGN NATIONALS: Eligible
Contact us to speak to one of our Condotel loan experts.