condo hotel

[Ryan Keenan]

are condo hotels a good idea? Specifically near disney?

[Tyler Maragh]

@Ryan Keenan Smart choice to stay away from condotels, especially in the Central Florida market. Building costs are high compared to the returns available in the "Disney"/Orlando market and existing properties come with all the issues listed by @Daniel Karbownik (all of which are only increased by the oversaturation of these types of properties in the area). As for vacation homes, demand is down due to a decrease in travelers over the past year, BUT, with Disney rolling out 3 of the company's largest expansions in the next 18 months, there should certainly be a significant increase in demand. If you're looking into vacation homes, I would suggest the Davenport and Celebration areas that surround the theme parks. Both areas are being developed and offer better valuation for residential real estate. If you have any interest in how non-condo hotels are currently doing in this market, feel free to reach out, I live in Orlando and work this market daily.