So, you've seen or heard the word "condotel" and now you want to better understand what that is and what it means.
We're happy to help you with that!
What are condotels?
Condotels go by a number of different names in the real estate business and among area residents. Sometimes called Hotel Condos, Resort Condos, Vacation Condos or Condo-Hotels, Daytona's condotels are, for many local property owners, an affordable way to own an oceanfront vacation property.
Frequently priced substantially lower than a typical oceanfront condo, condotels tend to both look and operate a little differently than a traditional condo building. Units in a condotel most often LOOK like a hotel room, rather than an apartment. And from a visitor's perspective, the…