Condo Hotel Center: Property Alert

October 18, 2007

Special Buyer Incentive at

The Water Resort

3-Bedroom Units, No HOA Fees for 2 Years

Hello, it's Henry Perfilio here from Condo Hotel Center with some insider information and a special offer on The Water Resort, a new condo hotel in Pigeon Forge, Tennessee.

I just visited the property, and I was amazed at what I saw. These units are tremendous! They are very upscale, luxurious, comfortable, and modern.

The first building is open NOW, and renters are already occupying the units.

The second building will open later this month, the third in November, and the fourth in December. This will complete all of Phase I.

The three buildings that make up Phase II will be finished by the fall of 2008. And the pyramid-shaped, indoor water park will be complete by May 2008.

The Water Resort with its iconic pyramid is located at the foot of the Smoky Mountains.

Entry-level Pricing for 3-Bedroom Units
The resort is 80% sold out, but there are a handful of 3-bedroom units available in the first completed building. Best of all, the developer will continue to honor the original price of $297,900-$309,900 for these 3-bedroom units even though the resort is nearly sold out. Why?

I spoke personally with the developer Mike Dionas last week, and he said that he was very motivated to sell out ASAP so he can start his next Tennessee project, The Image Hotel and Conference Center, which will be a quarter-share ownership resort.

Therefore, instead of raising the price and "holding out" for more money, he has chosen to keep prices at their same level, despite the fact that area values have increased.

His goal, very simply, is to sell out the resort more quickly. And that translates into a great opportunity for you to get into this quality development at an entry-level price even though it's almost sold out.

These units are ready to occupy for the owner or any renters immediately. So yes, if you purchase one of these units now, you can either use it or place it in the rental program right away!

More Good News, No HOA Fees for 2 Years
For the icing on the cake, the developer is allowing me to make a special offer to you. He will pay the HOA fees in full on the handful of 3-bedroom units available for the first two years of ownership!

This is only available to Condo Hotel Center customers who are receiving this e-mail, not the general public.

Background on The Water Resort
The Water Resort will consist of seven modern high-rise condominium buildings. They will surround the 43,000 sq. ft iconic pyramid that will make The Water Resort a landmark destination in Pigeon Forge, Tennessee.

The pyramid will be the key to year-round occupancy at The Water Resort, as it will contain a state-of-the-art, indoor waterpark complete with lazy river, high-speed waterslides, themed waterfall rockscapes, shallow activity pool, and climate controlled at a constant 84 degrees.

The Water Resort will feature a 35,000 sq. ft. indoor water park for year-round recreation.

A Variety of Floorplans
Choose from spacious 1, 2 and 3-bedroom floorplans ranging from 940 sq. ft. to 1,370 sq. ft. However, keep in mind that it's the 3-bedroom units that are part of the special buyer incentive.

All condos will offer spectacular mountain views. They are provided fully furnished featuring an abundance of amenities such as a jacuzzi bathtub, fireplace, LCD televisions, and a full-sized washer and dryer.

The condo hotel units are fully furnished and accessorized, ready for immediate use.

The kitchen is fully stocked with everything you'll need for cooking and dining and includes full-sized appliances including a dishwasher. All condos contain custom made, solid wood furniture, kitchen and baths showcase granite countertops, and accessories and décor are handcrafted to compliment the luxury of the resort.

Prices range from $229,900 to $309,900.

The 3-bedroom units come with the added incentive of no HOA fees for the first two years of ownership.

A Location for Fun
Spread across 16.5 acres, this unique resort in rapidly growing Pigeon Forge, TN, is centrally located close to the area's many attractions including:

• Dollywood
• Ripley's Aquarium
• Harrah's Cherokee Casino
• Bristol Motor Speedway
• Nascar Speedpark Racetrack
• Tennessee Smokies Baseball
• The Smoky Mountains
• The Appalachian Trail
• Dozens of hiking paths
• Four championship golf courses
• Dining for every taste
• Over one million sq. ft. of shopping, including several outlet malls

The Water Resort is located just minutes from Dollywood and the Great Smoky Mountains.

A Flexible Rental Program
Owners of condos at The Water Resort may visit the property at anytime and also take advantage of the Property Management Program when they're away.

The onsite management has informed me that there are already 685 nights booked for the Water Resort through Dec. 31, 2007. The largest unit a family can rent is the 3 bedroom, but there will be far fewer 3 bedrooms available to rent than 1 bedrooms and 2 bedrooms.

Please understand that there will be no more 3-bedroom units built on this property, so once these are gone, that's it!

Why You Should Act Now
If you were on the fence about whether now is a good time to invest in a vacation home, these three facts regarding The Water Resort should help you decide:

1. You can take possession of your 3-bedroom unit right away.

2. You don't have to worry about HOA fees for your first two years of ownership.

3. You can use the unit yourself or immediately place it in the rental system.

Also, from November 1, 2007 through December 31, 2007, I will be on site at the Water Resort to personally show you a unit and help you in any way I can. I can even put you in touch with preferred lenders who know the Water Resort and can quickly assist with financing.

More Information Available for the Asking
I have prepared a detailed data sheet for your personal review. In addition to lots more information, I've included many new photos of the resort, some taken just this week. I can e-mail it to you immediately upon request.

As per the developer's requirements, you'll need to provide your full name and contact information when you respond.

Request The Water Resort Data Sheet

Remember, if you're interested in one of those specially priced 3-bedroom condos, and the HOA fee buyer incentive, you'll want to move quickly, as these units won't last long.

As always, thank you for your interest in the properties we showcase here at Condo Hotel Center. I hope to see you soon in the Smoky Mountains!

Henry Perfilio
Licensed Real Estate Agent
Condo Hotel Center
A Division of Sheldon Greene & Associates, Inc.
843.685.9281
Henry@CondoHotelCenter.com
www.CondoHotelCenter.com

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