Condo Hotels In Brazil

I. Introduction

A condo hotel is an operating mode of economic activity¹. In practice it is a hotel where the property is shared by a condominium of investors that jointly finance the project and are remunerated in proportion to their respective participation by the operating results of the project, which is administered by a hotel operator.

From the perspective of the entrepreneurs, who plan and will manage the hotel, a condo hotel is a mode of financing the project. Those who build and manage the hotel aim to be remunerated for their services, but first someone must finance it. In this sense, the condo hotel appears as an alternative to implement the project.

For those who finance the project, the condo hotel is a form of investment. The ownership of the condo hotel is in general restricted to economic purposes. Therefore, the person that decides to invest funds in this type of real estate project has the main goal to monetize money. This article will examine