Investment Opportunity # 1 :
Neverland Resort
Overview:
Name: Neverland Resort
Location: Orlando, Florida
Submarket: Disney
Area: 90 acres gross / 66 acres net
Zoning & FLU: Tourist Commercial
Units: 330 Phase 1
Cost: $53,550,000
Value: $75,007,927
LP Shares: $18,700,000
Hold Period: 4 Years
IRR: 22%
Investment Multiplier: 2.1
Summary:
The Opportunity: Develop a 330 unit resort rental apartment complex.
The Investment: $21,000,000
The Location: Neverland Resort is located in between Walt Disney World (2.5 miles away) and the Reunion Resort, across the street from the Mystic Dunes Resort. The subject neighborhood is a tourist-oriented residential and commercial area. Land uses which directly serve the needs of tourists include themed attractions, resorts, condominiums, timeshare and short term rental developments, hotels, motels, restaurants, retail shops, and retail centers.
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