Condotels are condominiums that have been converted into resort or hotel-style living. Owners can have their units rented out while not occupying in order to generate supplemental income.
Condotel properties are often treated like second homes and are quickly growing in popularity among Florida vacationers looking for time share real estate.
A Condo unit is classified a Condotel when units in the complex can be reserved for daily, weekly or short-term rentals. A Condotel may also have a rental desk and / or a property manager on site.
Currently, the condotel purchase market in Orlando, South Beach, Panama City, Palm Beach and Miami is trending upward with the economy. Several other Florida cities are in prime season for buying. Take advantage of the market and discuss financing for your Florida condotel with Fidelity Home Group headquartered in Orlando, Florida!
Fidelity Home Group has experienced mortgage experts who are experts in the field of Condotel Financing. We offer top tier technology, competitive interest rates, and a commitment to help you achieve your dream of homeownership. We can be contacted several ways to help answer any questions you may have: