Hotel condos are distinct type of real estate that blends the independence, convenience, and flexibility of owning a condo with the services and perks of a top-notch hotel. These investment properties give owners a full-service vacation home which they can, in turn, also choose to take advantage of the marketing and management performed by a hotel chain when the condo is otherwise unoccupied. The hotel then rents and manages the condo unit as it would any other hotel room.
The zoning that governs this type of residential property is unique, to be sure, but works in the favour of the home owner. Referred to as "tourist or vacation zoned properties", these units offer property buyers a chance to own a Canmore Condo that they can either reside in on a full-time basis or rent to others on a night-by-night term. These condos can be located inside a larger hotel complex, with many offering a "Rental Pool" program that permits owners to vacate their unit in order to make it available for the hotel to use as part of its normal room rental business. Homeowners who to choose take part in this type of rental program find it convenient, low-maintenance, and often use this additional income to offset a portion of the costs that are inherent to owning a condo. Click here to learn more about Canmore zoning.
Want to know more about condo hotels in Canmore? Then contact the team at Canmore.net online or call (403) 678-7600 to find out more!
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