The Grove Resort & Water Park, a luxury vacation apartment resort located just minutes from Walt Disney World, has just completed the construction of the third and final tower of the complex. This milestone represents the addition of 293 units furnished with top-of-the-line products – living room, kitchen, bathroom, closets, washer and dryer, dishwasher, and household utensils – for owners and guests of the award-winning resort. The development offers two and three-bedroom apartments priced from $350,000 to $595,000 for buyers from around the world, including Brazilians.
With the inauguration of the Sterling Tower, The Grove delivers a total of 878 apartments on a 106-acre area. The Premier Tower, inaugurated in 2017, has already sold all its units, and the Marquis Tower, launched in 2018, is close to selling out as well. So far, BTI Partners – the construction company responsible for The Grove – has achieved $200 million in sales.
“The Grove is one of our most exciting developments, attracting buyers from various parts of the world,” says Noah Breakstone, CEO of BTI Partners. “We have brought to market one of the most sophisticated resorts and water parks in Florida and completed the construction of our final phase ahead of schedule. The speed of sales demonstrates the potential of The Grove and the growing demand for resorts of this type, where owners and guests feel at home even when away from home and can enjoy everything a first-class resort has to offer, such as a water park just minutes from Walt Disney World.”
The Grove Resort & Water Park is an exclusive resort with a water park that offers all the amenities and luxuries of a hotel for apartment buyers. The resort has attracted many investors looking to take advantage of the high demand for vacation homes in the area. According to a study by the financial advisory firm IPX 1031, the Kissimmee area, neighboring The Grove, is the second in the United States to attract Airbnb guests. The demand for short-term rentals is fueled by the area’s proximity to the theme parks Magic Kingdom, Epcot, Animal Kingdom, Hollywood Studios, SeaWorld, and Universal Studios. The theme parks attracted 75 million tourists in 2018 – including 893,000 Brazilians – and continue to lead as the most visited destination in the United States.
The Grove offers owners the opportunity to rent their apartment as a hotel room, managed by one of the most well-known companies in hotel management, Benchmark Resorts & Hotels®. The company takes care of everything for the owner, who has no concerns about renting the property and still earns extra income.
“The Grove has raised the standard for vacation apartments in Orlando,” said Kevin Mays, head of operations at BTI Partners. “We know we are on the right track when buyers from the United States, South America, Europe, and China purchase our apartments even from afar. Compared to other American cities, Orlando offers the best value for short-term rental programs.”
At The Grove, owners have access to three pools, a water park, a private spa, a fitness center, a restaurant, a convenience store, three bars and lounges, game rooms, and even a lake for water sports. Recently, the development received four USA & Americas Property Awards 2019-20, one of the most important awards in the segment.