AMERICANA INN PIGEON FORGE TN

1. What is a Hotel/Condo?
      A hotel that has sold its rooms to individuals as condos and concurrently runs a hotel operation.
2. How does a Hotel/Condo differ from Timeshare?
     Owners of timeshare units own a pre-arranged time slot for use of property that is owned by a property management group. Timeshare is not ownership of real property and so normal tax benefits associated with property ownership do not apply to timeshare. The owner of a hotel/condo unit owns real property and associated tax benefits apply.
3. Can I live in a hotel/condo year round?
      Technically, yes, you can live in a hotel/condo year round. However, most hotel/condo owners place their unit with the Property Management Team in order to rent their room like a hotel room. Rooms placed on the rental program will be able to participate in revenues generated from the rental of their room. Rooms not placed in the rental program will not be considered as a part of the operational aspect of the hotel and therefore will be responsible for their own laundry, daily cleaning and will not participate in any room rental revenues
4. How is a Hotel/Condo different from a typical condominium?
      Hotel/condo owners do not personalize their rooms. A typical condominium is furnished according to personal preference whereas; the furnishings for a hotel/condo are chosen by the hotel's management team so that each room looks like an integral part of the hotel.
      A typical condo may have covenants that prevent or inhibit rentals whereas a hotel/condo continues daily hotel operations throughout the year. Hotel/condos that are placed in the rental program are rented according to an impartial, revolving system unless a guest specifically requests a certain room
5. Does A Hotel/Condo have a Homeowners Association (HOA)?
      Yes. The Homeowners Association will be responsible for the costs of maintaining and upgrading the building and the common areas. The HOA will determine the owner's monthly assessment. Additional costs that the HOA will be responsible for may include but not limited to the cost of the utilities, maintenance and labor, etc.
6. Who manages the property?
      The Americana Inns will be managed by the Property Management Team (PMT)
7. Can I sell my hotel/condo unit?
      Yes. The unit is owned by you and it is yours to sell
8. If my unit appreciates in value and I sell my condo, do I have to share those profits with the hotel or its management company?
      No. You are the sole owner of the unit and any gains or losses are yours

     Pigeon Forge Packs In The Action, Adventure, Fun & Bargains!  The AMERICANA INN is centrally located to all the family fun in action-packed Pigeon Forge.  Leave your car and your cares in the ample parking area, and catch the handy Fun Trolley from right outside the door.  It will take you anywhere you want to go in Pigeon Forge!