Falcone: Encore Capital Management is a private equity firm and a real estate development firm wrapped into one. We invest in and develop a range of property types across the U.S., from hotels and vacation homes, to apartments and luxury condos. Florida is a target of ours and we have a diverse portfolio of projects in every corner of the State, including Miami Worldcenter in downtown Miami, Paramount Fort Lauderdale Beach and the redeveloped Plantation Mall in Broward, the Reunion mega-resort in Orlando, two master-planned developments in Jacksonville and Tampa that will be breaking ground in the fourth quarter, and a new mid-rise tower in Fort Lauderdale which will include luxury apartments. Our next resort project is the $600 million MargaritaVillage in Orlando.

GlobeSt.com: MargaritaVillage is among your biggest developments to date in terms of land area; what can we expect and why is the timing right for this project?

Falcone: Encore is developing the world's first MargaritaVillage destination resort on 300 acres adjacent to Walt Disney World in Orlando. We're building a 175-room hotel, 300 timeshare units, 300 condominium units, 500 resort vacation homes, 300 market rate apartments, 170,000 square feet of lifestyle retail, and a 12-acre destination waterpark.

All of this will be set around beautiful lagoons and lush landscaping, with the Margaritaville theme present throughout. Construction will begin in mid-2016 and we'll open in mid-2017. Orlando is the world's vacation capital, with a record-setting 62 million visitors in 2014, and Margaritaville is one of the world's most beloved brands, so we think this is a natural fit.

GlobeSt.com: How are you pitching the concept of vacation home ownership to potential investors around the world?

Falcone: Vacation rental homes at MargaritaVillage offer investors a chance to tap into one of the world's strongest tourism markets at a fraction of the price of investing in other major destination cities. That's how our in-house sales team is pitching the development internationally.

The size of our homes—from five to 12 bedrooms—is geared toward multi-generational families, which are the fastest-growing segment of the tourism economy. Investors can purchase these homes for prices ranging from the mid-$200,000s to $2 million, a price point that allows us to rent them out to vacationers for as low as $50 per person, per night for four-star accommodations. A similar model is already up and running at our nearby Reunion Resort, where we've sold more than 265 homes and are entertaining buyers from as far away as Asia and South America.