Why Orlando? The city is undeniably one of the nation’s top vacation destinations. Over the years, Orlando, Florida, has been repeatedly recognized for its outstanding hospitality industry with, on average, about 50 million visitors every year. The great weather, numerous theme parks, championship golf courses and convention centers for business conferences all contribute to Orlando’s national appeal. Orlando is, in fact, in the process of overtaking Las Vegas as the most popular site in the U.S. to hold business conferences.
According to the ARDA (American Resort Development Association), Florida is the most preferred state by Americans for the purchase of recreational property, and, according to the National Association of Realtors (NAR), foreign buyers favor Orlando over other U.S. cities and account for 23 percent of home sales in the city.
The condo-hotel market in Orlando is also unique because the units are larger than those in Miami and Fort Lauderdale, Florida. They are designed to accommodate families that visit the area’s theme parks. Units with two to four bedrooms are common in Orlando, whereas in other South Florida cities, units consist mainly of studios.
Orlando condo-hotel units also cost less per square foot than those in South Florida. Units sell for $400 to $700 per square foot in Orlando, and luxury units with resort amenities start at $350,000. In South Florida, units sell anywhere from $1,000 to $2,000 per square foot, and most units sell for a minimum of $500,000.
Source : http://www.rebusinessonline.com/
No comments:
Post a Comment