Condominium Hotels

1
Condominium Hotels

• A rose by any other name
• Truly unique

2
Structuring Issues

• Real Estate
• Securities
• whats a security?
• avoiding the law
• exemptions from registration
• Interstate Land Sales Full Disclosure Act
• Out-of-State Registration

3
Structuring Issues

• Operational Aspects
• Control over public spaces
• Control over the association
• Maintaining the hotel standard
• ADA units

4
Documentation

• Declaration
• Bylaws
• Rules
• Shared amenities agreement
• Association management agreement
• Rental management agreement