Hotels converting to timeshare condos: New Trend in Collier

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COLLIER COUNTY: A hotel with 20 years of history is shutting its doors for the last time. The Radisson on Marco Island is closing to make way for timeshare condos. But hotels converting into condos are a growing trend in Collier and many people are concerned.

The Marriot Vacation Club is buying the Radisson. Many travelers and businesses say the closing will have a big impact on the economy.

Cecilia Pincock has been coming to the Marco Island Radisson for 10 years.

"We come here all the time for vacation and spend the whole week," said Pincock. "It’s the most reasonable rates on the island and we're sad to see it close down."

If the sale goes through, the Radisson’s 270 rooms will be converted to timeshare condos.

"That certainly will have an impact on the overall visitation numbers for Marco Island," said Jack Wert of Collier County’s Visitor’s Bureau.

....this is a new trend converting hotels into timeshare condos, as it is very profitable for developers...

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