Lake Buena Vista Resort & Spa

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Lake Buena Vista Resort & Spa

Lake Buena Vista Resort Village & Spa (LBVRV&S) is a wholly owned Florida condo-hotel development offering all the features of a premier Orlando resort located just off State Road 535 in Kissimmee, near Disney. In fact, it has the distinction of being considered a Walt Disney World Resort Good Neighbor Hotel, in addition to many other awards and since 2012 has been recognized by Trip Advisor as their Traveler's Choice Award Winner for Families

Lake Buena Vista Resort Village & Spa offers 2, 3 and 4-Bedroom Condo style suites with full kitchens. Each of the suites include a dining area, living room with large screen television and a private balcony, offering space to relax. Each suite ranges in size from 1080 to over 2,100 Sq.Ft., much larger than your average hotel accommodations. In recent years, the management has seen rates and occupancy levels rise, with 2014 recording an annual occupancy level of 83.4%, one of the best in the industry in the world's most competitive location.

All units and kitchens are fully equipped and although this location is in the middle of everything, it's even equipped with it's own onsite Pub & Restuarant – Frankie Farrell’s Irish Pub & Grille, which serves Irish / American fare and has 32 beers on tap, along with the Lake Buena Vista Factory Outlets just outside your door, so late night shopping is always on the agenda.

The amenity package at Lake Buena Vista  Resort Village & Spa is also impressive. The ‘Pirates Plunge’ resort pool is a huge pirates ship in an acquatic playground, which is very popular with the younger guests, while for adults there's a 24-hour fitness center along with a full-service Reflections spa. Concierge services are available in the lobby to help you and your guests plan your itinerary along with priority access to theme park tickets. In addition, there are scheduled shuttle services to Walt Disney World Resort, Sea World & Universal Studios.

Lake Buena Vista Resort & Spa

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Leaseback Options

With regards to Real Estate options, for a limited time the Resort Developers are offering clients two options when you purchase a Condo-Hotel unit from the limited developer owned inventory at this award-winning Resort;

Seller Financing - Pay 30% down and enjoy 5% interest for 5 years (amortized for 30 years) and no points.

Lease Back - If you prefer a certain return, you may lease the condo back to the Developer and enjoy a 6% return for 2 years in addition to the use of your condo for up to 2 weeks per year.

Location

Lake Buena Vista Resort Village & Spa is located two miles south of the Interstate 4 Lake Buena Vista Exit #68 on State Road 535 (S. Apopka Vineland Road) and the Central Florida Greenway (417) and:

  • 1 mile from Walt Disney World
  • 4.5 miles from SeaWorld Orlando
  • 5 miles from the Orange County Convention Center
  • 8 miles from Universal Orlando Resort
  • 18 miles from Orlando International Airport
  • Within 12 minutes to 30 different golf courses

Accommodations

LBVRV&S currently includes five buildings with 496 two-, three- and four-bedroom condo units ranging in size from 1,080 to 2,170 square feet. Each unit is furnished in tropical décor and features granite counters, a fully-equipped kitchen, wood cabinetry, plasma TVs, a whirlpool spa, private terrace/balcony and a washer/dryer. A limited number of upgraded units include accommodations for in-room spa services.

Amenities

  • 9,000-square-foot Reflections Spa-Salon
  • 5,000-square-foot Frankie Farrell’s Irish Pub & Grille
  • One of the first Pizza Hut Café Express locations in Florida
  • 25,000-square-foot Pirate’s Plunge Aquatic Center
  • State-of-the-art fitness center
  • Children’s play area
  • Jogging path
  • Convenience store and gift shop
  • 2 tennis courts (planned)
  • Adjacent to a 50-store designer outlet mall

Rental Program

Unit owners have the option of placing their condo in the resort’s rental and management program and receiving two-thirds of any rental income. An estimated 300,000 renters visit the resort each year. Resort management provides security; reservations, marketing, check-in and check-out services; housekeeping and maintenance; financial duties on behalf of unit owners; collection and distribution of Home Owners Association expenses and maintenance of common areas such as the pools, fitness center and grounds. In addition, developer leasebacks are available for newly purchased units.

Management

The LBVRV&S leadership team brings a combined 100 years of development and management experience to the resort property. The construction contractor is Welbro Building Corporation, a dominant force in the hotel/hospitality market with a portfolio of more than 35,000 rooms. The on-site rental management company is Sky Resort Management, an industry leader with more than 70 combined years of experience in hotel, resort and condominium hotel management.

The Condo-Hotel Concept

BusinessWeek calls condo-hotels “the latest trend to hit the hospitality industry.” CNN/Money refers to them as “the development du jour.” Adds Dante Alexander, president of the National Association of Condo Hotel Owners, “The condo hotel concept … has exploded in the past three years and dominates the industry today because it has tangible advantages both for the consumer and the real estate developer.” The National Association of Condo Hotel Owners defines a condo-hotel as “a fee-simple purchase of a deeded condominium unit/guestroom. When not occupying the room, the owner may make the condo hotel unit available to guests at the hotel through a rental management or leaseback program. Any room revenue generated through the program is shared between the unit owner and the developer/managing partner.”

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Listing data comes from My Florida Regional MLS.

Listing information last updated on July 23rd, 2017 at 12:18pm EDT.