Condo hotel
A condo hotel is like a combination of a hotel and an apartment.
When you go to a normal hotel, people pay money to stay there for a few nights. But when you go to a condo hotel, people can buy an apartment in the hotel just like you would buy a regular apartment.
The difference is that instead of living in the apartment all year round, people only stay in it for a short time, like a vacation.
When people aren't using their apartment, they can choose to let the hotel rent it out to other people like a normal hotel room.
So, in summary, a condo hotel is like a fancy hotel with apartments that people can buy and use themselves or let the hotel rent out to other people.
When you go to a normal hotel, people pay money to stay there for a few nights. But when you go to a condo hotel, people can buy an apartment in the hotel just like you would buy a regular apartment.
The difference is that instead of living in the apartment all year round, people only stay in it for a short time, like a vacation.
When people aren't using their apartment, they can choose to let the hotel rent it out to other people like a normal hotel room.
So, in summary, a condo hotel is like a fancy hotel with apartments that people can buy and use themselves or let the hotel rent out to other people.