"The hybrid concept of a luxury hotel that sells some of its units as condominiums has become one of the most popular trends in the industry in recent years," Owais Khanini, a development principal in Sage Resort, tells GlobeSt.com. "Condo-hotels in the past two or three years have expanded beyond traditional markets in ski resorts or Hawaii and have established themselves in other tourist destinations such as Orlando and Las Vegas." Khanini says Orlando has "great potential" for the condominium hotel market.

Turkey Lake Partners LLC and Ryze Development LLC, both locally based, are co-developing Sage Resort. Khanini is founder and president of Ryze Development. The other development principals are William T. Gaudry, president and co-managing member of EMG Design Group LLC, and Charles C. Frey, co-managing member and founder of Sun Resorts Holding LLC.

Forbes Hamilton Management Co. of Orlando is the onsite property manager for the project which is five miles from Walt Disney World and about 1.5 miles from Sea World in south Orlando. ResortQuest and Weichert Realtors make up the project's brokerage and marketing team. Locally based Scott Partnership Architecture Inc. is designing Sage Resort.