Well the buzz at the Blue Rose Resort hasnt even had a chance to calm down before another luxury real estate development got the Orlando investment community swarming. This new development is called the Palazzo del Lago and is located on International Drive just four miles from the Orange County Convention Center. The Palazzo del Lago has been anticipated for the last several years and on Wednesday the developer started releasing information about development unfold including 3-d renderings and drawing, concept sketches, and most importantly preconstruction pricing. Being a master brokerage I was in attendance at the release and had a chance to speak with developer and I have to say I am very impressed with the level of quality the Palazzo del Lago is putting forth even at such an early stage of the game. I can tell you details about this Orlando development all day but I will just go over the basics and if you need to know anything specific feel free to visit my website or email me with any questions. Basic information about the Palazzo del Lago in Orlando, Fl : * The Palazzo Hotel will have 1,260-rooms and be 14 stories * Hospitality Development Group is the developer and they plan to begin construction this fall * The development is expected to open early 2009 at a cost of $800 million * The resort also would contain 994 units in five 18-story towers called the Villas at Palazzo del Lago (starting around $300,000 for preconstruction) * This luxury condo hotel is located on International Drive and will would join a growing number of luxury hotels in that area that cater to business travelers as well as vacationing families and tourists. * Hospitality Development (the developer) plans to sell 585 rooms in the hotel to investors, with unit prices starting around $400,000. Selling rooms as condominiums is an increasingly popular financing method and many investors prefer this method to old fashioned flipping. In my opinion the Palazzo del Lago is going to be one of those investment opportunities that every serious investor will want in on. With the success of the area and the increasing need from investors for preconstruction investments in hot areas it wouldnt surprise me if all the preconstruction units for the Palazzo del Lago as well as the Villas at Palazzo del Lago sell out in a few weeks. For the most up to date information on the Palazzo del Lago in Orlando feel free to check out my free informational site that contains all latest pictures, information, and prices. http://www.yaerd.org/palazzodellago_resort_orlando.htm |
