Four Season’s newest property tells you that you don’t necessarily have to be a child to enjoy in the realm of Disney word. The boutique hotel company has signed a a $360 million deal with Silverstein Properties Inc. and Dune Real Estate Partners to develop a property at Walt Disney World Resort in Orlando, Florida. The luxury hotel will open its gates on 2014 and will have as much as 444 rooms. The hotelier had earlier purchases the land from Disney in 2008 and will own a 30% stake here, and will also be in charge of its operations. On the other hand, Mexico-based Group Financiero Inbursa will be providing $190 million towards finance. The partner are viewing this as a rare opportunity to develop a property like this in a remarkable location and is pretty optimistic about the attractive returns the hotel will bring in years to come. With this, there are going to be 40 Four Seasons Residence Club units and as many as 90 private homes.
The resort will have several restaurants like a rooftop venue with views of Disney’s Magic Kingdom, then a spa with as much as 18 treatment rooms, a rooftop venue with views of Disney’s Magic Kingdom. Dune is the majority investor here whereas New York-based Silverstein Properties led by CEO Larry A. Silverstein will be in charge of the oversight of development and construction of the site.  The project will also have the Tom-Fazio designed Osprey Ridge course and it will be renovated and managed by Four Seasons.
Via: Bloomberg
