What is a condotel? They’re not a hotel, and they’re not a timeshare. These buildings contain multiple, individually-owned condominium units that run like a hotel. They make for customizable, low-maintenance vacation homes rented out when you’re not using them.
Many times, to the outside world, a condotel looks like any other hotel that is out there. A front desk and housekeeping are both there. Some even have continental breakfasts, served in the morning. There are times when condotel units have more amenities than a hotel, like kitchens, private balconies, or a beach.
It’s not uncommon for condotel rentals to be thoroughly inspected by their management company before they’re added to the rental pool. In some cases, though, if the rules for getting into a rental pool are very strict, every unit in the building looks like and it’s made by its owner. In one unit, the walls may be bright and modern, but in another, the wallpaper may be different in every room.
Similar to other condominiums, each unit at the condotel is individually owned. Some people might confuse them with a timeshare, but they’re quite different. With a timeshare, you purchase set times then you’re allowed to use that unit. However, unlike a timeshare, if you purchase a condotel unit you own the unit every single day of the year.
Owning or renting a condotel unit allows you to get access to a great location without as large of a price tag as a private residence. In northern Michigan, this means you’re staying in a downtown or waterfront location, or both!