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Condo-hotels, which originated in Europe, the Caribbean and parts of the U.S. in the early 1960s, gained popularity until the mid-1980s, when ownership tax benefits were eliminated. But developers and speculators are finding that condo-hotels are once again becoming an attractive alternative financing tool.
Chuck Bedsole, Managing Director with Alvarez & Marsal Real Estate Advisory Services, recently presented an overview of the latest developments and opportunities in the condo-hotel market at the Hospitality Law Conference in Houston, TX.
This overview provides valuable insight into:
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