TORONTO, Dec. 19 /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.
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