From Hotel To Condo To Hotel Again For One Florida Building
The buildins is home to 227 condos which will now all be part of a Crowne Plaza hotel. For the 30 people still owning condos they are facing a difficult choice: they can either accept the flat fee or pay $4,700 in upgrades for their unit and then rent it out. Owners who sign up for the rental program will get half of the $122 per night room rate. Some owners are understandably upset about the situation, especially those who bought in hoping that their property would be a good investment.