Thursday, March 06, 2008

Pricing on Orlando Condo-Hotels

Condo-Hotels are good consideration for someone looking strictly for second home or company needing a residence for business purposes. Two condo-hotels packed with amenities and located near Orlando convention center, near International Drive where the action is can offer owners great vacation.

Westin Orlando Imagine is a condo-hotel (fee-simple) and first residence within the master planned community of Village of Imagine. There are 256 units in the building and 15 inventory left. These can be used as a second home or put use as a vacation rental. Vacation rental used 179 days out of the year. They will be opening up for business 4/3/08 and located north of Universal Blvd. near convention center. Amenities for the Westin Hotel 4 star standards and include swimming pool, hot tub, lobby bar, restaurant, business center, meeting space, valet, concierge etc. 10% down required at contract, plus letter of credit. Downpayment of 20% for domestic loan for condo-hotel.
Studio $319,990 447 sq. ft.
1/1 $480,990 625 sq. ft.
2/2 $627,900-$687,900 1082-1053 sq. ft.
Blue Rose Hotel features 1,644 luxury condo hotel residences, 5 restaurants, Broadway Theatre and 100,000 Sq/ft convention center on a private lakeside location between Universal Studios and The Orlando Convention Center. Blue Rose Hotel will be built no later than 2011. $10,000-$25,000 down required at contract depending on floor plan. Downpayment required 20%.
1/1 576 sq. ft.starting $349K HOA $576/mo
1/1 795 sq. ft. starting $522K HOA $795/mo
2/2 1014 sq. ft. starting $639K HOA $1014/mo