Aparthotels and Condohotels – guaranteed return or a trap?

They tempt from billboards with the promise of a 'guaranteed 8% annually' from your own luxury apartment in a seaside resort. It sounds like a rentier's dream, but where is the catch? Profits are often fenced with complex contracts and hefty costs paid to the hotel operator, and the word 'guarantee' during a pandemic or crisis can quickly evaporate. It's an almost maintenance-free model for the owner, but the price per square meter is often drastically inflated. Always read the fine print carefully.