a hotel or motel composed of units owned by an individual, a corporation or "any other legal entity having mandatory membership into an association" of owners within the same development
A project that has a rental or registration desk, short-term occupancy, food and telephone services and daily cleaning services. It is operated as a commericial hotel even though the units are individually owned.
a legal framework virtually unheard of in Florida's real estate industry, where sales staffs are warned against marketing property as investments for fear of running afoul of federal security laws