Nov 20, 2007

Orlando Condo Hotels Offer Value

Orlando condo hotel units tend to be larger than those found in cities like Miami Beach and Fort Lauderdale. Designed to accommodate the many families and extended families that come to the area theme parks, two-, three- and even four-bedroom units in Orlando properties are not uncommon. In South Florida cities, you primarily find studios and one-bedroom units.

Orlando condo hotel units also tend to cost significantly less per square foot than South Florida condo hotels. In Orlando, you can expect to pay $400 - $700 per square foot. You can find a luxury unit with resort amenities starting at $350,000.

In South Florida, most condo hotels start at $500,000 and up, significantly more if they're oceanfront. Miami condo hotel units range from $1,000 to $2,400 per square foot, and Ft. Lauderdale condo hotels range from $1,000 to $1,300 per square foot.

Although real estate appreciation has been occurring at an astounding rate of 20% to 30% per year throughout Orlando, many buyers still consider Orlando to be a good value when compared to other Florida locales and when all that the city has to offer is taken into consideration.

Source : http://www.travelindustrywire.com/

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