Dante Alexander, president and chief executive officer of the National Association of Condo Hotel Owners, says his group's data was combined with statistics from Smith Travel Research to reach conclusions counter to much of the popular wisdom about the local market segment.

The study calls Orlando "the seasoned host" in the condo-hotel market, with more development projects embracing this form of ownership format than any other U.S. city. Alexander cites Orlando's attractions, climate and growth as positives, but offers words of caution.

That level of hotel room competes directly with high-priced hotel-condo units. Abe Pizam, dean of the Rosen College of Hotel Management at the University of Central Florida, said the study confirms his hypothesis.

Joel Greene, president of the Condo Hotel Center in South Florida, isn't seeing any slowdown in demand.

By M. Sese
http://realestatepress.org