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A Florida 'condo cliff' is coming as owners deal with fallout from 2021 Surfside collapse. ... US monthly house prices rise further in August. ... With home and apartment rental costs soaring ...
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In 2020, there were 3,903 hotel properties in Florida, consisting of 458,721 hotel and motel rooms. [1] In 2019, the American Automobile Association reported that Florida was the 2nd cleanest state in the U.S. by hotel cleanliness, having 485 hotels in the top 25%.
A condo hotel, also known as a condotel, hotel condo, or a contel, is a building that is legally a condominium but operated as a hotel, offering short-term rentals, and which maintains a front desk. Condo hotels are typically high-rise buildings developed and operated as luxury hotels, usually in major cities and resorts. [ 1 ]
Since then, the term ‘condominium’, or ‘condo’ for short, has become a household word in the U.S. [48] Many Americans' first widespread awareness of condominium life came not from its largest cities but from South Florida, where developers had imported the condominium concept from Puerto Rico and used it to sell thousands of inexpensive ...
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