*Condo-hotel – a development with a complete hotel infrastructure and range of services arranged according to the tourist standards and requirements in force (like front-desk, public catering places, sport facilities, shops, etc.) in which the unified hotel-rooms and apartments could belong to many different individual owners, but is managed by common professional Hotel Management Company. The owners of these rooms, studios or apartments use them as an investment property in order to rent them, and not for residence. The Hotel Management Company develops hotel business in the condo-hotel dealing with tour-operators, other sub contractors and with individual tourists in order to provide with the contracted rental-income the owners of the apartments.