May 25, 2019 — Brand New 290 Unit Hotel & Condo Water Resort in Orlando Florida.
Asking Price: $110MM
New completed construction in a desirable location Orlando Florida of a condo/hotel, 290 units on water resort. Short term rentals which creates an attractive opportunity to accommodate the growing demand for hospitality in Orlando.
Two out of the three hotels/phases are already sold, this is the last one being offered off-market and will be delivered vacant with management in place by benchmark management.
Comparables and plans/projections are available.
The purchase of this Florida Resort and short term rental has a lot of benefits for a savvy investor: with 70 million people traveling to Orlando a year and 52 million visiting Disney this creates a very attractive opportunity with a hotel being a few miles from Disney.
It is zoned as a hotel but has condo units. It is not possible (with the current zoning) for anyone to live here permanently. It is a condotel. Which is individual condos, ran as a hotel to maximize the bookings. You don’t have to rent the condos out – but it would not be a viable option if you don’t. This project is all about short-term rentals next to Disney.
Also as far as far as where the property is standing at the present time, The development is completed. The only thing remaining is fitting the final interiors in the rooms in the final tower. Beyond that, everything is here right now.
Sellers are very motivated..
To get more details we need NDA agreement , proof of funds and bio from investors.
Contact me for more details or e-mail me.