Bahama Bay Resort Opens in Orlando; ResortQuest Offers Vacation Condos Starting at $129 a Night.Business Editors/Travel Writers ORLANDO, Fla.--(BUSINESS WIRE)--Dec. 17, 2002 ResortQuest International (NYSE NYSE See: New York Stock Exchange :RZT RZT Radiation Zone Training ), one of the world's largest vacation rental Vacation rental is a term in the travel industry meaning renting out a furnished apartment or house on a temporary basis to tourists as an alternative to a hotel. Vacation rentals are becoming increasingly popular in Europe (especially in the UK) as well as in Canada. property management companies, will open the first phase of the new Bahama Bay Resort this week in Central Florida
Central Florida is the central region of the United States state of Florida, on the East Coast. . Starting December 23rd, there will be 64 units available for vacation rental. Two pools and the clubhouse will also be open. A total of 116 units will be complete by the end of January 2003. With the completion of the approximately $90 million, 70 acre Bahama Bay Resort, ResortQuest will be adding nearly 500 luxury vacation rental condominiums to their Orlando portfolio, soon to total over 900 vacation homes Vacation Home A home separate from an individual's primary residence that is used for recreational purposes and may also be rented out at unused times. Notes: For tax purposes, those who rent their vacation homes may result in a lower amount of allowable expense and condos. "Bahama Bay will give our Orlando visitors a luxury condominium condominium In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common. option," said James S. Olin, ResortQuest's president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Over the past several years, we have seen tremendous growth in the domestic traveler renting vacation homes in Orlando. With the opening of Bahama Bay we expect that trend to continue in 2003." Nestled on the banks of Lake Davenport, Bahama Bay Resort offers owners and guests an opportunity to sample the luxury of resort living in this gated community gat·ed community n. A subdivision or neighborhood, often surrounded by a barrier, to which entry is restricted to residents and their guests. located only minutes west of Disney and the other major attractions for which Central Florida is famous. The completed resort will include 1,000 units, a 17,000 square-foot clubhouse, four swimming pools with spas, a recreation fitness center with locker facilities, and a lakeside beach with a fishing dock. The luxury two- and three-bedroom condos range from 1,200 to 1,700 square feet. Each unit has screened balconies overlooking Lake Davenport. Introductory prices starting at $129 per night. To make reservations, call 1-800-527-2262 or visit ResortQuest.com About ResortQuest International Memphis-based ResortQuest International (NYSE:RZT), the first brand name and "real-time" online booking service (http://www.resortquest.com) in vacation condominium and home rentals and sales, provides a one-stop resource for 52 premier resort destinations in the U.S. and Canada. ResortQuest is the world's leading vacation rental property management company, based on a portfolio of approximately 20,000 vacation rental properties with a combined real estate value estimated in excess of $7.0 billion. All of ResortQuest's vacation rental accommodations include spacious, well-appointed condos or homes with a full kitchen. ResortQuest also maintains a portfolio of hotel properties in Florida and Hawaii. To make reservations or view all special offers, visit http://www.ResortQuest.com or call 800-GO-RELAX. |
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