Orlando Blog - Orlando Vacation

Information and news updates on Orlando Florida and Central Florida tourism information. This blog will try and cover all thing Orlando - from the nightlife to the Orlando Magic to the theme parks.

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Tuesday, March 20, 2007

Biggest corporate rip-off yet disguised as condo-hotel room boom

An amazing 56 percent concentration of condo-hotel rooms in the pipeline are effectively in Orlando, Fort Lauderdale, Miami, and lastly Las Vegas. Lodging econometrics can be very tricky in a down-turning-economy where there are falling investor demands.

Perhaps the riskiest business ever is sweeping Orlando in the form of 15,000 condo-hotel rooms. It’s hard to distinguish these condo-hotels from their outward appearance, but inwardly, their business models are very unique. All of the amenities such as room service, front lobbies, shuttles, and banquets are the same for the most part.

A whopping 15,518 condo-rooms are in the pipeline for Florida alone. Banks are hoping that these units will be there salvation during a time of rising construction prices Among the victims will be the Palazzo del Lago and Blue Rose with price tags of $300 thousand.

Even in this bull market the Blue Rose averages about 12 sales per week which is unseasonably low for the same time 9 years ago. With 1,350 condo-hotel rooms, Blue Rose is scheduled to open in 2010.

As an investor, the location of the hotel and whether it’s viable should be the determinate factor on whether to invest. For some, these condo-hotel rooms will be a second home with hopes of renting these units at other times of the year.

Unless you purchase a unit in a signature hotel project such as Palazzo del Lago operating as an Inter-Continental Hotel, you can forget having a positive cash flow, but your only hope might be to offset your mortgage payments.

There are some real pertinent questions regarding the condo market such as will the market go soft, will condo costs be offset by rentals, what really is the investment potential of these condo-hotel rooms?

It would be safe to view these condo-hotel rooms as a second home that does not required remodeling instead of an investment which might not be viable in the future.

Monday, March 12, 2007

Wine business

Mike and Donna Marini has opened a wine and restaurant place in Avalon park town center located in East Orlando. They are trying to develop 20 different types of wines so you can enjoy it with your dinner while you dine out, the restaurant has been open since november and is turning out to be a very good investment for the company. The owner is now waiting to see the approach out what his business is going to be like so he's just taking in slow.

The owner wants to sell the wine for $20 a glass so you can enjoy it with your food and that will be good especially because they are different wine selections to choose from.

Friday, March 9, 2007

Danger of fires

For years Florida has been affected by powerful fires and dry wind. The fires are occurring because there is so much dry weather in the atmosphere and that's twisting with the warm air, which then sets sparks to the dry leaves which then erupts in a fire. Forecasters are observing a dramatic shift from EL Nina that results from cooling Pacific waters and brings less rainfall to the southeast.

Because the weather now is so hot it looks like there is no chance for a rain shower anytime soon. These wild fires put firefighters out in dangers way to try and put out the fires but they are so large that firefighters try to let the fires die out by their selves. A 75 acre blaze in Polk County driven by unexpected winds destroyed six homes and eight other buildings. These wildfires has cause lots of property damages in the millions, these fires are unpredictable and don't know when they are going to occur until it's to late.

Monday, March 5, 2007

Ellen Degeneres is boarding live from Universal

Now everybody knows Ellen DeGeneres from her show, while now she is planning on bringing her show to Universal Studios live. The academy award winning lady Miss Ellen DeGeneres has had her show on the air for about one year in Los Angeles, California and now she's excited about airing in Universal Studio.

Miss Ellen DeGeneres will be in Orlando on March 30-31 to present her show and to talk about it in Universal Citywalk's Lagoon stage. The shows airs in Central Florida at 3pm weekdays on wesh on WESH channel 2.

Thursday, March 1, 2007

Bike week madness

Once a year many bikers come from all over the United States to join with their follow bikers for bike week. Their will be over 500,000 bikes and bikers at the Daytona Beach bike madness, and you know that once you have biker week you also have the cops looking out for any outrageous behavior and just making sure that everyone is safe for biker week. People come to Daytona and set up their tent and get ready for a week of fun and getting crazy, with bands performing, car shows presentation, beer and liquor and much more going on at this event. This biker fest is estimated to raise about $744 million into the area's economy, from little babies to people over 50 years of age on their bikes everyone takes their turn to enjoy this spectacular events and hope to share their memories with other bikers.
There are alot of bikes of famous models like Yamaha, Suzuki, Harley Davidson, ninjas, that attend this famous events for many years. People have fun at this events that they plan for years and when they arrive they get what they expect, but there are also much accidents during bike week and because of that many people lose their lives because of other people not being safe and doing what they want and not thinking about other civilian around them. But bike week is a great event to get involved with and plus where you can see the ladies in their bikinis showing off the car event that are trick out and looking nice.
But in all it is great week for bikers to talk to other bikers and learn more about their experience and try to make it better than before.