Condo Hotels take a European tripBy
Condo hotels have been one of the fastest growing categories of the U.S. lodging industry, accounting for nearly one-fifth of all hotel rooms under construction. Some markets, such as Las Vegas and Miami, are already overbuilt. But the concept is just getting started in Europe where firms such as London-based GuestInvest are actively marketing them. The company's first hotel in Notting Hill sold out within weeks and GuestInvest recently unveiled Nest, a luxury 170-room hotel in the central London neighborhood of Paddington.
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