March 16th, 2007
New association for condo hotel sector
As condo hotel development continues to boom, a new organization, The National Association of Condo Hotel Owners, provides consumers with tools and information to help them better evaluate and enjoy a condo-hotel purchase.
The Association furnishes members with access to their unique and exclusive evaluation tools as well as a network of resources to enhance their ownership experience.
Condo hotels are hotels in which some or all of the hotel’s rooms are sold to individuals as condominium units.
“While the condo hotel concept is not new, it has exploded in the past three years and dominates the industry today because it has tangible advantages both for the consumer and the real estate developer,” said Dante Alexander, the Association’s President and CEO.
According to Smith Travel Research, as of March 2006, condo hotel rooms make up 98,142 rooms or 19.5% of the hotel rooms currently under development in the U.S.
With a horizon full of new developments, The National Association of Condo Hotel Owners’ website (www.nacho.us) supplies members with proprietary tools and benefits to help them navigate this surging industry
Dante Alexander is also President and COO of Hybrid Lodging LLC, brings more than twenty years of senior management experience in the hospitality industry, including the areas of finance, operations, and development.
His strong leadership skills are linked to his broad range of experience with Starwood Hotel & Resorts Worldwide gained over the course of his eight year tenure where he is credited with enabling the company’s explosive growth from 33 hotels in 1996 to one the world’s leading companies.