Florida is the top destination for overseas residential investment in the US, accounting for US$24.2 billion or 15% of home sales in 2017, according to the National Association of Realtors. Within the Orlando area, occupancy rates for hotels are around 73.5% on average all year, according to Census data. The Orlando area follows Miami as the first choice for buyers. While Canadians comprise the single largest investor market and the UK is the third largest buyer source, as a region, Latin American and Caribbean buyers dominate the market (34% of all purchases). The median price paid by foreign buyers for Florida properties was US$259,400 in 2017, with 72% paying with cash only. Investment from Asia and Oceania has expanded from 3% of the Florida market in 2008 to 10% in 2017, with Chinese buyers alone accounting for 3% of purchases. Chinese overseas residential investment activity is also expected to rise this year as China, the world’s second largest economy, adopts tax changes and OECD reporting practices.
As the theme park capital of the world, attracting over 71 million visitors in 2017, Orlando is a thriving tourism destination attracting visitors from across the globe. With significant healthcare, education and technology presence, the broad-based, prospering local economy underpins a diverse and expanding community of 2.36 million residents. Many Orlando residents live, work and retire in the sunbelt while enjoying the area’s global connectivity, excellent local infrastructure and continued investment. All these factors build a compelling rationale for purchasing a vacation home in this thriving local market.
The Grove Resort & Water Park, a 4-star full-service resort, is just minutes away from Walt Disney World and countless other theme parks. Residents can also enjoy Orlando’s world-class dining, shopping, cultural attractions and thrilling outdoor activities.
The Grove offers owners large and luxurious 2 and 3-bedroom residences. There are 878 total residences covering 110 acres of land. Each unit will come fully furnished including kitchen appliances and dinnerware, linens, towels, flat screen TVs, full washer/dryer, large closets and more!
Ownership of our large 2 or 3-bedroom condominiums provides a family friendly place to vacation and relax. When owners are not using their condominiums, owners can place them into the professionally managed turnkey hotel rental program to help offset costs. The Grove Resort & Water Park is the only vacation home resort in Orlando that provides its owners with a professionally managed, turnkey and hassle-free hotel management program. The Grove’s rental program is administered by Benchmark, an award-winning hotelier with a global footprint and a keen eye for maximizing guest experience and owner satisfaction.
Founded in 1980, BENCHMARK, a Global Hospitality Company is a recognized global leader in the development, management and marketing of resorts, hotels and conference centres. The company’s two distinctive portfolios of hotel and resort properties, Benchmark Resorts & Hotels® and Gemstone Collection®, represent the finest in guest-dedicated hospitality. Today, Benchmark’s portfolio consists of unique destinations across the United States, Caribbean and Japan, with more destinations on the horizon. Included in Benchmark’s first-class portfolio is the Villas at Grand Cypress, which was recently voted the #1 hotel in Orlando. Benchmark employs over 7,500 associates portfolio-wide with approximately $3.0B in assets under management covering 75+ properties consisting of over 8,000 rooms. Over the past 36 years, Benchmark has grown, thrived and set a new standard as a globally recognized independent resort, hotel and conference centre management company.
The Grove Resort & Water Park, Orlando’s newest luxury vacation home community offers owners privacy and convenience with a full suite of amenities including multiple bars and restaurants, full-service spa, water park, breathtaking 20-acre activity lake, and much more. It is a place where the fun happens, and memories are made.
To find more about USA vacation home investment opportunities, speak to The Grove Resort & Water Park, Booth B07 at the SMART Investment & International Property Expo, 15-16 June at Hall 3G, the Hong Kong Convention & Exhibition Centre. Get your FREE pass here.