Answer To Underutilized Hotel Capacity?

What to do when one’s hotel occupancy is declining and the debt burden becomes onerous? Follow Donald Trump’s example, who in 1997 opened the condo-hotel Trump International Hotel & Tower in New York.

For developers it’s a growing, popular way to address the huge amount of underutilized hotel portfolios around the country.

Buyers are willing to pay typically 40% to 60% more for a condo that has access to hotel amenities. And willing owners can put their units in the hotel-room rental pool while they’re not using them, thus getting a portion of the proceeds.