Timeshare and condominium Hotels: - Another new type or segment of the hospitality industry is the timeshare hotels. These are sometimes referred to as " Vacation-interval" hotels . Timeshare hotels are where the guests who purchase the ownership of accommodations for a specific period .These owners may also have the unit rented out by the management company that operates the hotel . Condominium are similar to timeshare but the difference between the two lies in the type of ownership. Units in condominium hotels only have one owner instead of multiple owners , each for a limited amount of time each year. In a condominium hotel, an owner informs the management company if when he/ she wants to occupy the uni