Four Seasons purchases site in Celebration, Florida
2002-12-19
TORONTO (CNW) -- Four Seasons Hotels and Resorts, one of the world's leading operators of luxury hotels, has purchased approximately 400-acres in Celebration. Plans for the multi-use resort include a 425-room luxury hotel, 18-hole championship golf course, an exclusive enclave of single-family homes and a fractional ownership Four Seasons Residence Club. We believe Four Seasons' reputation for quality, character and outstanding service will complement the Celebration community, said Perry Reader, President of The Celebration Company. This Four Seasons project will contribute significant value to Central Florida, bringing additional commercial and home construction and unique luxury accommodations that will add to the area's real estate tax base and contribute to local resort and sales tax collections.
The site, approximately one mile south of World Drive on Celebration Boulevard, offers an exceptional location that will provide Four Seasons both seclusion and proximity to Walt Disney World Resort(R) and other nearby attractions. Earlier this year, the Osceola County Commission approved changes to the Celebration master plan, enabling the project to move forward. Still in the early planning stages, a date for construction has not yet been determined.
This is the latest signal that Celebration is developing into an outstanding commercial location and represents a substantial and exciting opportunity for Central Florida, said Matt Kelly, Vice President of Real Estate Development and Operations for The Celebration Company. The long range concept for Celebration includes more than 2 million square feet of office space concentrated in two areas: Celebration Place and Celebration Boulevard. The Orlando area is an excellent destination, and we have been looking for the right opportunity and partner there for some time, said Isadore Sharp, chairman and CEO, Four Seasons Hotels and Resorts. The resort project will be a valuable addition to our portfolio, particularly because we can also offer the Four Seasons lifestyle through the Residence Club and homes that are part of the project.
This is the first property for Four Seasons in Central Florida. The company currently operates only one other resort in Florida, Four Seasons Resort Palm Beach, which is a AAA Five Diamond and Mobil Five Star property.
With a history spanning four decades and a portfolio that now extends around the world, Four Seasons Hotels and Resorts is the world's leading operator of luxury hotels, currently managing 56 properties in 25 countries.
2002-12-19
TORONTO (CNW) -- Four Seasons Hotels and Resorts, one of the world's leading operators of luxury hotels, has purchased approximately 400-acres in Celebration. Plans for the multi-use resort include a 425-room luxury hotel, 18-hole championship golf course, an exclusive enclave of single-family homes and a fractional ownership Four Seasons Residence Club. We believe Four Seasons' reputation for quality, character and outstanding service will complement the Celebration community, said Perry Reader, President of The Celebration Company. This Four Seasons project will contribute significant value to Central Florida, bringing additional commercial and home construction and unique luxury accommodations that will add to the area's real estate tax base and contribute to local resort and sales tax collections.
The site, approximately one mile south of World Drive on Celebration Boulevard, offers an exceptional location that will provide Four Seasons both seclusion and proximity to Walt Disney World Resort(R) and other nearby attractions. Earlier this year, the Osceola County Commission approved changes to the Celebration master plan, enabling the project to move forward. Still in the early planning stages, a date for construction has not yet been determined.
This is the latest signal that Celebration is developing into an outstanding commercial location and represents a substantial and exciting opportunity for Central Florida, said Matt Kelly, Vice President of Real Estate Development and Operations for The Celebration Company. The long range concept for Celebration includes more than 2 million square feet of office space concentrated in two areas: Celebration Place and Celebration Boulevard. The Orlando area is an excellent destination, and we have been looking for the right opportunity and partner there for some time, said Isadore Sharp, chairman and CEO, Four Seasons Hotels and Resorts. The resort project will be a valuable addition to our portfolio, particularly because we can also offer the Four Seasons lifestyle through the Residence Club and homes that are part of the project.
This is the first property for Four Seasons in Central Florida. The company currently operates only one other resort in Florida, Four Seasons Resort Palm Beach, which is a AAA Five Diamond and Mobil Five Star property.
With a history spanning four decades and a portfolio that now extends around the world, Four Seasons Hotels and Resorts is the world's leading operator of luxury hotels, currently managing 56 properties in 25 countries.