A condominium hotel under NRS 116B is intended for what purpose?

A condominium hotel, as defined under NRS 116B, is primarily intended for transient occupancy. This means that the units within such a hotel are generally used for short-term stays, much like traditional hotel rooms. This sets them apart from typical condominium arrangements where units are usually occupied by long-term residents.

While a condominium hotel does contain individually owned units, which allows for the unique aspect of ownership by different individuals, the main purpose and characteristic that define this type of property is its operation as a hospitality service catering to guests who stay for relatively brief periods. The transient nature is fundamental to its business model, as owners often have their units rented out for short stays.

Therefore, the essence of a condominium hotel revolves around its intended use for transient occupancy, and understanding this aspect clarifies its classification and operational purpose under Nevada law.