1. A rose by any other name Truly unique
Condominium Hotels
A rose by any other name
Truly unique

2. Structuring Issues Real Estate Securities what’s a “security?”
avoiding the law
exemptions from registration
Interstate Land Sales Full Disclosure Act
Out-of-State Registration

3. Structuring Issues Operational Aspects Control over public spaces
Control over the association
Maintaining the hotel standard
ADA units

4. Documentation Declaration Bylaws Rules Shared amenities agreement
Association management agreement
Rental management agreement