Condominium Hotel Set-up and Operation
CK Atlantis has experience in condominium hotel structures and organizations from design and development to opening and ongoing operations.
Our condominium hotel set-up and operation services include:
- ~ Development of condominium governance structures
- ~ Creating effective condominium hotel commodity and income tax structures including Foreign owner income tax requirements
- ~ Designing the contractual relationship between the unit owners, the developer and the hotel operator
- ~ Designing the contractual relationship between the condominium association, the hotel operator and the property manager
- ~ Preparation of initial condominium corporation budgets
- ~ Preparation of pre and post opening hotel program operating budgets and cash flow requirement statements
- ~ Sourcing and implementing computer hardware, software and property management systems for condominium hotels
- ~ Designing of equitable rental accounting formulas incorporating unit rotation and individual unit accounting systems
- ~ Design and implementation of operating procedures and policies for hotels
- ~ Providing property management services