honobob - For some condotel projects it is not mandatory to participate in the hotel rental program, so I guess that means you can rent it out yourself short term or long term. Is this what you are recommending? In other words, to not participate in the hotel rental program. I guess that would mean it is really a condo then right?
I know what you are saying that it is all in the details. I hate the idea of splitting 50% with a 'hotel management company' when you can do it yourself. But from what I can figure out, I think Honolulu is a good location and it sounds like that your investments have worked out very well would you say? Double checked Trump's Waikiki project and it looks like he will be starting out at $1000 per square foot! $500K for 500 square feet!
Anyhow, you sound like you know alittle about condotels, so if you have any more information about condotels in Honolulu, it would be beneficial....us Canadians always like tropical paradises.....especially for our retirement.