By Sumit Manwal, Founder, Hospitality Vacancy
Timeshare and condominium hotels are two ownership models that sit between buying a holiday home and booking a hotel room.
Here is how each works, in simple terms.
Studying hotel management or starting your first hotel job? Create your free candidate profile on Hospitality Vacancy and browse hotel jobs by department while you learn.
Time Share and Condominium Hotels
Time-share hotels are referred to as the vacation ownership hotels. The concept is that for a set period which may be one week or more in a year the person gets the right to enjoy stay and other facilities and services in an apartment are any other type of lodging in a tourist complex. It is like advance purchase of time in holiday accommodation. Here the purchaser has to pay a one time capital sum and then annual contribution towards the maintenance of the property. The fee usually covers services such as cleaning and maintenance of apartment and public areas, electricity, gas, water, etc. Avelon resorts. Sterling resort, mahindra holding etc. are the few time-share hotels in India.
Condominiums involve a joint ownership of a complex. Each owner has the full benefit of a unit and shares the cost that is common to the entire complex such as taxes, maintenance, upkeep of building etc. each owner can occupy or sell his unit independently but is obliged under the terms of contract to contribute towards the pool of common facilities and services. The owner can enjoy recreational exclusive to the complex and the management looks after the unit in the absence of the owner and if permitted by the owner let it out to provide income to him.
FAQ
What is a condominium hotel?
A property where individual units are owned by different people, who can use them and often place them in a rental pool managed by the hotel.
How is a timeshare hotel different?
Buyers purchase the right to use a unit for a set period each year rather than owning the unit outright.
Your next step
- Students and hotel professionals: Create your free candidate profile on Hospitality Vacancy and browse the latest hotel jobs.
- Want personal guidance? Book a Hotel Career Guidance Call (30 min) and we will plan your next step together.
- Hotels hiring: Register as an employer on Hospitality Vacancy.
Related reading on this blog
- Classification of Timeshare: Traditional, Fractional and Points-Based Ownership
- Management Contract Hotels: How They Work (Classification of Hotels)
- Star Classification of Hotels in India: How Hotels Are Rated
About the Author
Sumit Manwal is the founder of Hospitality Vacancy (since 2017) and has 20+ years of experience in hospitality. He received the "Excellence in Hospitality Sector of Uttarakhand" award, presented by Shri Dhan Singh Rawat ji (January 2023), and the Dainik Jagran inext Uttarakhand Ratan Samman for Excellence in Hospitality & Education, presented by Shri Bhagat Singh Koshyari ji (2023). He helps hotels build reliable teams and professionals grow their careers.
📧 Contact: manwal@hospitalityvacancy.com | 🔗 LinkedIn
Please do not enter any spam link in the comment box