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WeekW
Value Place
in on the ground floor?
Jack DeBoer, founder of Residence Inn,
Summerfield Suites and Candlewood Suites
is franchising his newest concept,
Value Place
TT
roperties upen
HotelMotel.com
Condominium hotels
ContinuedJrom page 18
the developer would have to register the offering with the Securities and Exchange Commission
and state securities law administrators. The sale of a condo hotel
unit coupled with certain other
arrangements will cause the offer
of the condo hotel unit to be
considered the offering of a security. For instance, the SEC s view
is that selling condo hotel units
combined with a rental arrangement or similar service constitutes the offering of a security
becatise of the commonality of
the project, the divestiture of
control over the condo hotel
unit and reliance upon the rental
prc^ram operator to generate
profits.
As a result, it is especially important that the condo hotel developer educate its sales and
Recruitment
!,
hotels,
Energy savings
Reduced maintenance
Comfort and Convenience
the Watt
Stopper