Treatment of Condominium Hotels as Securities after Salameh

By: Timi Anyon Hallem
– Los Angeles Lawyer

Although the term "condominium hotel" is common in the hospitality industry, there is no standard definition of a condominium hotel. Rather, the term generally refers to variations on one theme: a real estate project that presents itself to the world as a traditional hotel in terms of appearance and operation, but in which some or all of the hotel's rooms, units, or free-standing lodging quarters (such as bungalows and cottages) are actually condominiums owned by individuals.

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