Condo Hotel Center: Property Alert

April 21, 2005

$10,000 PRICE INCREASE COMING

LAKE BUENA VISTA RESORT VILLAGE & SPA, ORLANDO

Greetings from Condo Hotel Center. Joseph Sgarlata here. I have a quick Property Alert for you today to make you aware of an impending price increase at one of our most popular properties, Lake Buena Vista Resort Village & Spa in Orlando, Florida.

Because of our relationship with the developers, Condo Hotel Center has been given advance notice that Lake Buena Vista Resort Village & Spa will implement a price increase effective Monday, May 1, 2005. The increase per unit will be a straight $10,000 per unit. Every unit.

As an example, today at Lake Buena Vista Resort Village & Spa a two-bedroom, two-bath suite ranges from $369,000 to $409,000 (depending on the floor level and view). On May 1, 2005, those same units will start at $379,000 and continue to climb in increments of $10,000.

For those of you who have been reading our Property Alerts for several months, you probably remember our first announcement of this resort. Let me quickly review the key points for our new subscribers.

Lake Buena Vista Resort Village & Spa
Lake Buena Vista Resort Village & Spa is located on 38 acres of prime land in Lake Buena Vista, the resort area of Orlando. Expected to receive a 3.5- or 4-star rating, the property will consist of 15 buildings, ranging from 8 to 15 stories to be built in various phases.

Currently being sold at pre-construction prices is building #6, which will be 15 stories. Construction on this building is expected to be complete in August 2007.

The first two buildings of Lake Buena Vista Resort Village & Spa are already under construction. Building #3 will be the clubhouse with various amenities including a full-service spa, business center and retail stores. Buildings #1 - #5, excluding the clubhouse, are already sold out.

Construction is already well underway at Lake Buena Vista Resort Village & Spa.

There will be a total of 1,875 condo hotel units when complete, so we're talking about an immense development. Available are two-bedroom and three-bedroom units. Already there is a waiting list for the four-bedroom, four-bath with terrace/patio penthouse suites priced at $750,000+ (announced at $699,000 in our Property Alert of February 2005).

This Resort Has it All
Lake Buena Vista Resort will be a virtual city within a city. If once you get here, you choose not to leave the resort, (highly unlikely since we're talking about Orlando, the #1 vacation destination in the world), you'll find plenty to keep you busy and happy on the premises.

Numerous Amenities

• Full-service spa
• Six swimming pools
• A state-of-the-art fitness center
• Business center
• Over 1,000 sq. ft. meeting space
• Four restaurants
• Three lounges and pool bar
• Tennis courts
• Game rooms
• Sheltered parking

Upscale Unit Features

• Tommy Bahama furniture and accessories
• Tile and granite, kitchen and baths
• Granite kitchen countertops and vanities
• Microwave oven
• Designer bath fixtures
• Jacuzzi Roman tub
• Washer and dryer in all units
• Pre-wired cable TV
• Wireless high-speed Internet

High-end Services

• 24-hour concierge services
• 24-hour security
• Secretarial services

An Outstanding Location
If you come to Orlando, you want proximity to everything that makes Orlando great. And that's just what you'll get with Lake Buena Vista Resort Village & Spa. You'll be minutes from:

• Walt Disney World's Magic Kingdom, EPCOT, MGM Studios and Animal Kingdom (shuttle service available from the Resort)
• Universal Studios and its sister park Adventure Island
• Sea World and its sister park Discovery Cove
• 37 golf courses
• The Orange County Convention Center (second in size only to Las Vegas' Convention Center)
• Numerous activity centers
• Hundreds of restaurants and nightspots
• Nine malls (yes nine!)
• Lake Buena Vista Factory Stores (literally next door to Lake Buena Vista Resort Village)

As a Vacation Home/As an Investment
At Lake Buena Vista Resort Village & Spa owners are not required to participate in the rental program. In fact, unlike most condo hotels that you'll find in other parts of Florida, there are no living restrictions here. Use your condo hotel unit one day, 10 days, or 365 days a year.

However, if combining a resort lifestyle with investment potential is what appeals to you, the revenue split for condo hotel owners is higher than what we see at most developments. Typically, the revenue is split 50-50 . In the case of this project, although a final decision has not been made, 66 2/3% is expected to go to the unit owner.

It's worth noting too, that housing prices in Orlando rose 19% in 2004 over 2003, another very positive indicator. The fact that Lake Buena Vista Resort Village is on the verge of a significant price increase so soon in its development is evidence that it is participating in the area's rapid appreciation.

Get in Before the Increase
As I mentioned in the beginning of this Property Alert, a $10,000 per unit increase is coming in approximately one week. If Lake Buena Vista Resort Village & Spa appeals to you, reserve your unit now.

To beat the increase, your signed reservation agreement and initial deposit of $5,000 must be confirmed enroute (preferably received) no later than May 1, 2005.

Need More Information to Decide?
Read more details about Lake Buena Vista Resort Village & Spa in our original Property Alert on this development.

Upon request, I can also provide you with a data sheet on this property. To release it, in accordance with developer requirements, I'll need you to provide your full name, address, and phone number.

Submit contact information here.

Wrap Up
We at Condo Hotel Center are pleased to bring you property updates like this and sincerely appreciate your interest. Feel free to forward our Property Alerts to your friends and have them sign up to receive their own copies on our website here.

Have a great weekend!

Joseph Sgarlata
Licensed Realtor
Condo Hotel Center
13499 Biscayne Blvd., Suite 210
North Miami, FL 33181
(843) 213-3181
(843) 655-2609 cell
Joseph@CondoHotelCenter.com
www.CondoHotelCenter.com
Want to know more about me? Click below:
http://www.condohotelcenter.com/joseph-sgarlata.htm