In 2002, Teton Mountain Lodge was complete as the first condominium-hotel (condo-tel) property in Teton Village. This development model allowed buyers to own a condominium unit that, when not in use by the owner, can be actively managed and rented out through the property’s front desk and reservation system. The combination of a slope-side location and income potential created not only successful development, but also enticed similar projects to be developed. As a result, by 2007, several new condominiums surrounding the core commercial area of Teton Village were created including the Snake River Lodge and Spa, Crystal Springs Condominiums, and three filings of the Hotel Terra development. The “lock off’ design of most of these units allows for multiple rental configurations and continued income generation while in partial use by their owner. The Tram Tower Townhouses were built in 1990 and do not have a front desk rental program. However, these units are spacious and, as the name implies, could not be closer to the slopes.
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