The condo hotel will not be ready until 2011.

Mortgage rates may be a full point higher, and in the past this was especially true because financial institutions were unfamiliar with the condo hotel concept.

Condo hotels units are fee simple deeded real estate, and can be bought and sold like other forms of real estate.

Condo hotels are typically high-rise buildings developed and operated as luxury hotels, usually in major cities and resorts.

Several of the more notable condo hotels have sold for less in the resale market than during pre-construction.