Condo-hotel projects bounce back as demand for luxury housing rises

07/3/2014 | Bloomberg Businessweek

The condo-hotel concept is seeing a resurgence in popularity as more developers recognize the drawing power of combining luxury residences with hotel services. Demand has proven to be strong, with Ian Schrager's Miami Beach Edition selling its two penthouses to a single buyer for $34 million and 1 Hotel & Homes South Beach CEO Richard LeFrak mulling expansion into Los Angeles.

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