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A luxury hotel operator is trying to revive a failed condo-hotel project in Fort Lauderdale, Fla., hoping that a formula that faded during the economic downturn can make a comeback.
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Condo hotels are either operating or being developed in New York, Las Vegas, Honolulu, Miami Beach, Fort Lauderdale, Chicago, Mexico, Dubai, Panama, Toronto, Dominican Republic and Seoul with more expected in the near future. The majority of condo hotels are built in desirable locations generally defined as resort destination areas.
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