They’re not a hotel, and they’re not a timeshare. These buildings are made up of multiple, individually-owned condominium units that are run like a hotel. They make for customizable, low-maintenance vacation homes that can also be rented out when you’re not using it.
Many times, to the outside world a condotel seems like every other hotel. There’s a front desk, housekeeping, and some even offer continental breakfasts. Sometimes condotel units even have more amenities than a hotel would including kitchenettes, private balconies, or a beach.
Most condotel rentals are prescreened by their management company before they are allowed to be entered into the rental pool. However, depending on how rigid the policies are for a unit to be allowed into a rental pool, every unit in a building could be styled differently. One unit may have a bright and modern style, while another may have different floral wallpaper in every room.
Similar to other condominiums, each unit at a condotel are owned by different people. Some people might confuse them with a timeshare, but they’re quite different. With a timeshare, you purchase set times you are 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!