The condo hotel is a perfect fit for beach people. If they owned a regular condo, they would have had restrictions on how often they could rent it out. With a condo hotel, renting isn't a problem.
We estimate the first phase will take 18 to 24 months to complete.
Our project will bring a Las Vegas, New York and Miami/style atmosphere to Orlando and people seem to find it appealing. They're voicing their approval with their check book.
I would call this a unique opportunity for people who want to use the property for 60 or 90 days a year. We're finding all kinds of people who want a vacation home.
We're just saying it will be one of the tallest buildings in Orlando. We're not looking to get into a competition over who can build the biggest yacht, so to speak.
