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Carlton lands $97m condo-hotel exclusive.


Carlton Advisory Services' chairman Howard L. Michaels announced that Carlton has been retained on an exclusive basis to secure construction financing for the development of Sage Resort, a 260 unit luxury condominium hotel located in the heart of the Orlando Entertainment District.

Carlton executives Thomas K. McCarthy, Stephen R. Scorgie, and Marc Sznajderman are arranging this deal.

The Sage Resort is ideally located at 9278 Turkey Lake Road in close proximity to several major world attractions, the Orange County Convention Center The Orange County Convention Center (OCCC) is the primary public convention center in Central Florida. The large complex is located on International Drive, a major tourist area in Orlando, Florida.  and near Orlando's major roadway thoroughfares. Specifically, Sage Resort will be located 1.5 miles from Sea World and it's sister park Discovery Cove Discovery Cove is an Orlando, Florida theme park where guests can interact with a variety of marine animals, most notably bottlenose dolphins. The park, which is operated by the Busch Entertainment Corporation (the theme park division of Anheuser-Busch) is adjacent to SeaWorld , five miles from Walt Disney World Noun 1. Walt Disney World - a large amusement park established in 1971 to the southwest of Orlando
Orlando - a city in central Florida; site of Walt Disney World
, Animal Kingdom, Epcot, and MGM MGM
 in full Metro-Goldwyn-Mayer, Inc.

U.S. corporation and film studio. It was formed when the film distributor Marcus Loew, who bought Metro Pictures in 1920, merged it with the Goldwyn production company in 1924 and with Louis B. Mayer Pictures in 1925.
 Studios, and three miles from Universal Florida (Universal Studios and Islands of Adventure).

The hotel is projected to earn a 3.5-4.0 star rating.
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Title Annotation:FINANCE; Carlton Advisory Services Inc., Sage Resort, contract
Publication:Real Estate Weekly
Article Type:Brief article
Geographic Code:1USA
Date:Apr 19, 2006
Words:141
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