The developers confirm they have signed sales contracts for 13 condos and 12 suites even before the first shovel hits the dirt. The condos are $1.1 million to $2.8 million each; the suites, $420,000 to $895,000. Suite buyers are allowed to rent their space when they are not using it.
The venture is drawing attention because it is the first hotel development in 30 years in affluent Winter Park, an Orlando suburb.
Regent International Hotels, a unit of Minneapolis-based Carlson Cos., will manage the condo-hotel scheduled to open by the fourth quarter of 2004 at 300 E. New England Ave. in suburban Winter Park, FL.
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