from yesterday's USA Today (9/18):
Hotel residences: All the perks with none of the work
By Larry Olmsted, Special for USA TODAY
"For most vacationers, second homes are an alternative to staying in hotels. But for a rapidly growing minority, hotels are their second homes.
The hotel-residences trend is notably different from its predecessors such as fractional/time share hotel units, which are not wholly owned, or condo hotels, which are wholly owned hotel rooms without, for example, kitchens. Not only do hotel residences have kitchens and everything else an owner would expect in a typical abode, they also include amenities such as maid and room service, plus restaurants, spas and gyms.
These residences offer truly turn-key second-home ownership and, in some cases, can create an income stream by letting the hotel rent the apartment when the owner is not there. Another advantage is that some hotel companies allow owners to trade and use residences at other locations." ...
for the complete story
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