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KUD Takes Master Developer Reins for $200M Resort

ORLANDO-San Marco Resort, a 472-unit luxury condo hotel development, is slated for completion in fall 2009.

By Danielle Anderson | Updated on December 28, 2006

ORLANDO-KUD International, a subsidiary of Kajima Corp., has been tapped by Lake Buena Vista Vacation Resort LC as the master developer of San Marco Resort. Construction of the $200-million condo-hotel project is scheduled to begin in summer 2007, with completion slated for fall 2009.

Designed by Fugleberg Koch Architects Inc., the San Marco Resort will comprise 472 units in two 15-story towers on 11 acres in the Lake Buena Vista area of Orlando. Amenities planned for the resort include a fitness center, business center, restaurants, spa, coffee shop, gift shop, newsstand and meeting space. The property will also include a mini-golf course and putting green as well as a pool and a lake.

Pablo Marulanda, manager of Lake Buena Vista Developers, says that a successful condo-hotel project should be designed as a hotel, not a condo building. He adds that it is also important for the property to have a well-known hotel flag with a strong reservation system and top-notch management. “We feel confident that our buyers will be very happy on the appreciation and performance of their investment,” he says. The developer did not name the flag the resort would operate under, but did say such an announcement would be made soon.

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