Florida Condo Hotel Market Shows Signs of Weakness - Condo Hotel Links for 4/8/2007

A few years ago, condo-hotels practically sold themselves.With Florida real estate prices marching upward, the idea of owning a condo unit on the beach and covering some of the expenses through hotel rental payments seemed irresistible.

“We weren’t salespeople, we were order takers,” recalled Joel Greene, president of North Miami-based Condo Hotel Center. “I was averaging a sale every third day and I didn’t even meet many of my customers.”

Condo-Hotel Today, the market has sobered up. Condos aren’t selling and condo-hotels are caught in the same downdraft. Florida Condo Hotel Market Shows Signs of Weakness

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