This property is no longer available for sale - Please check out our other Condo-Hotel Conversion properties
The Worlds Largest Howard Johnson's Hotel Is Now Being Converted To A Condo Hotel!
Located just 1 mile from the new Disney World entrance on West Highway 192 and the new entrance off Rt. 429 in Kissimmee Florida, this beautiful 450 unit Resort with Tennis, 3 Pools, 2 Restaurants is now accepting contracts to purchase units starting at $149,000.
- Pricing starting from $149,900
- $10,000 CASH BACK at closing
- $1,250 per month for 1 year leaseback
- up to $5,000 towards closing costs
- FULLY FURNISHED
Already Open and Operating as a Hotel!
The Resort will remain fully open and operational during the $10,000,000.00 renovation process. All units will receive the deluxe package upgrade and will be fully furnished and equipped with new appliances including cook top, refrigerator, microwave, granite countertops, hardwood cabinets, ceramic tile, remodeled bathrooms.
World Class Opportunity!
This property is located next to a sports complex used as a preferred sports property by Disney World which includes a full size soccer and base ball field and lots of room for kids to play. The common areas of the property will also receive a complete renovation featuring a Polynesian theme.
These units will not last long for a property this close to Disney and at these prices!
Act now for best prices and selection!
Note: Prices subject to change without notice. Hurry for best pricing and selection!
HOW TO RESERVE:
$5,000 reservation deposit. Closing to take place within 60 to 90 days
CONDO HOTEL FAQ's
What is a Condo Hotel? Condo hotels convert a portion of its rooms into condominiums and make it available for purchase to the public. The concept has been evident in the United States for over 40 years, but regained momentum in Florida in the late 1990s. Hotel companies discovered they could secure necessary financing to construct new hotels through the sales of the condominiums. The idea quickly became contagious and spread throughout the country among hotel companies. It's a popular concept that is gaining national recognition among major hotel players.
How Does a Condo Hotel Operate? Once a property is purchased in a condo hotel, owners can enjoy their luxurious new condo and rent it through a rental program, which is usually administered by a hotel management company. If the property is rented, owners receive a percentage of the proceeds. In addition to renting your property, the hotel management will also take care of details such as the maintenance and cleaning of your condo.
Why Invest in a Condo Hotel? Most condo hotels are located in either major metropolitan cities or top vacation destinations, such as Orlando. This market in the past year ranked in the top ten for increase in home prices, according to the Office of Federal Housing Oversight.
Who Invests in Condo Hotels? Condo hotels attract many different types of investors. Clients overseas, enticed by the falling dollar and booming real estate markets, like being able to secure their money in the US market and have their property managed by the hotel. Retiring baby boomers enjoy owning a luxury vacation home with first class amenities. Corporations, too, are considering condo hotels as an alternative to corporate housing due to their prime downtown locations in popular cities and for their facilities that can accommodate meetings and conventions.
What are the Advantages? Condo hotel owners enjoy almost all the privileges a first class hotel has to offer. From concierge services, gourmet dining, recreation rooms and club houses, it's all at your fingertips with the push of a button. The condos are delivered fully furnished. Investors also benefit from being exceptionally located in prime real estate areas.