(redirected from Strata-title) Also found in: Dictionary.
(Australia and New Zealand) a system of registered ownership of space in multistorey buildings, to be equivalent to the ownership of the land of a single-storey building. Similar to a flying freehold in England or tenement in Scotland.
It was widely held by the interviewees that the strata-title form of property ownership is a significant and fast evolving form of Australian hotel ownership.
A GM noted that while purchasers of strata-title hotel units are generally private individuals, they can also be corporations.
One of the main drivers for this situation was that there was increasing hotel ownership by property developers who refurbished "tired properties" and then sold them off as strata-title apartments because the residential market was stronger than the hotel market.
Strata-title ownership (accommodation rooms are individually owned under separate property titles).
Strata-title hotels and hotels owned by developers are statistically significantly younger than the remainder of the sample (p < .
It is also apparent that strata-title hotels tend to have low revenue relative to the remainder of the sample (p < .
As strata-title ownership represents a relatively new phenomenon on the ownership landscape, it appears logically consistent that strata-title owned hotels would tend to be relatively young compared to the remainder of the sample.