The Grove Resort & Spa condominium-hotel Orlando’s new vacation complex is located just minutes away from Walt Disney World. It opened in March 2017, and has an average 75-85% occupancy rate. It consists of fully furnished two and three bedroom units in several buildings. The condominiums can be purchased – with and without mortgage loan. The owners can spend their vacations in their own units, and can rent the residences for short terms by one of the country’s largest management companies. The advantage of the condo-hotel is that the vacationers stay in a completely equipped suit with two or three bedrooms and bathrooms, and a full kitchen instead of one room or two connecting rooms. Also, there are many amenities to enjoy. Grove’s Surfari Waterpark and being close to Disney World magnet guests. Thus, the rental rate is often 100%, and the guests stay there for several nights in a row.
The units also have a living- and dining area, fully equipped kitchen with dishwasher, washer/dryer and a terrace. The residences overlook Lake Austin, Surfari waterpark, pools and/or garden.
Current units for sale:
Please see link below.
Owners rent their residences for short term by one of the country’s largest management companies, managing hotels and similar properties in Florida and other states. (Benchmark Hospitality). The rental prices vary depending on the size of the suits, the view, and the season. In average, the two- bedroom units can be rented from $250. The monthly profit reaches $3.300 for the owners, and $28.000 in a year. The three-bedroom units lease from $320 per day in average, making a $2900 monthly profit when the unit is purchased without a loan, and $36.000 profit in a year.
Resort-style amenities await the owners and guests of The Grove Resort and Spa: concierge service, luxurious lobby, full-service restaurant, conference room, bar, spa and more. Outside a lagoon pool, lazy river, surf simulation pool, two-story slides etc. offer relaxation and fun for everyone in a magical environment. Also, the Disney World’s buses take vacationers from and to Disney from the front of the lobby several times a day.
The location of The Grove Resort and Spa is a great advantage, since Orlando’s attractions are nearby, such as Magic Kingdom, Hollywood Studios, Seaworld, Universal Studios, Epcot, Animal Kingdom, Legoland etc. Orlando has myriad of other attractions as well all year long. (There were 66 million tourists in Orlando in 2015).