Tag Archives: condo hotels

The History of Condo Hotels – Part 1

The condo hotel concept initially became popular in the 1970’s in the US, primarily due to the tax benefits available for Unit Owners.  Many of these tax benefits were rescinded in 1986 but the concept again gained popularity in the … Continue reading

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Comparing Condo Hotel and Traditional Hotel Metrics

Metric studies compiled by Smith Travel and PKF Hospitality are the pillars by which traditional hoteliers compare their results to standard results.  While only SEVEN  line items on the Profit and Loss Statement of the Condo Hotel deviate from the traditional … Continue reading

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Maintenance Department: A Business Within A Business

 Richard B Evans, cha chae crme honored inclusion May 16, 2013: http://youtu.be/WLEFlMGswxQ   [Left Click on the Above Prompt Please] Breaking from the traditional hotel financial model, Condo-Hotels are inching toward profitability in P.O.M. Departments.  With traditional US hotels running an average … Continue reading

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The right “Owner Relations Manager” is worth their weight in gold

            Choose Owner Relations Manager Carefully  honored inclusion May 06, 2013: https://www.youtube.com/watch?v=524_DJJ535s      <please left click the prompt above> . Aside from the General Manager and Chief Financial Officer in any Condo-Hotel Program,  the Executive whose background must be … Continue reading

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The One Year Expedia Bump – Data crunchers beware! screencast

  Richard B Evans CHA CHAE CRME              honored inclusion April 19, 2013 A new commission collection model is being put into play by Expedia in 2013 that will affect what unit owners in condo-hotels see on their Owner Statements … Continue reading

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The One Year Expedia Bump – Data Crunchers Beware! – narrative

 Richard B Evans, CHA CHAE CRME                                “The One Year Expedia Bump” Expedia’s Collection Model Changes – Data Cruchers Be Aware!                    i). Changes that the condo-hotel unit owner will see comparing year over year results. ii). Intellectual Considerations – … Continue reading

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How Important is Owner Distribution Percentage?

                                                             honored inclusion:       Richard B Evans, CHA CHAE CRME

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