A Hotel Project is any property whose units are intended for joint ownership and is licensed as a hotel establishment. This category includes hotels, hotel villas, hotel apartments, and individual hotel rooms. Management of common parts in these pro…
A Hotel Project is any property whose units are intended for joint ownership and is licensed as a hotel establishment. This category includes hotels, hotel villas, hotel apartments, and individual hotel rooms. Management of common parts in these projects must be outsourced by the developer to a specialized Hotel Project Management Company. While these projects may have an Owners Committee, that committee is not authorized to participate in the actual management of the hotel. This structure ensures professional hospitality standards are maintained across jointly owned hotel assets.
This is general information from the website library. Confirm current rules, fees and property details with the relevant authority before acting.
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