Condotel (Condominium Hotel)
A condotel is a condominium unit that can be placed in a hotel-style rental pool when the owner is not using it. The unit is professionally managed and generates rental income. Popular in tourist areas like Boracay, Cebu, and Tagaytay.
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📖 Definition
A condominium-hotel hybrid where individual unit owners can place their units in a rental management pool. Popular in tourist destinations u2014 Boracay, Cebu, Tagaytay, Palawan.
🇵🇭 Philippine Context
SEC has warned about condotel investments, classifying them as securities when rental returns are guaranteed. Always verify the condotel has proper SEC registration. Popular with OFWs as passive income investments.