Industry Update
External Article14 April 2009

What's it Like to Own a Vegas Hotel Room?

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1 min external

The idea of the condo-hotel was a big fad during the housing boom. It was great for real estate developers like Donald Trump because they could get small investors—who were crazy for anything to do with real estate—to pay for the construction of their new hotels. Then the developers rent the rooms out to guests just like any other hotel and split the profits with the investors.

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