ResortQuest International (NYSE: RZT), the world`s largest vacation rental property management company, is expanding in Central Florida adding nearly 500 luxury vacation rental condominiums due to a new management contract with developers of the Bahama Bay Resort.
Maesbury Homes, Inc. has selected ResortQuest Orlando as the property manager and vacation rental marketer for its new Bahama Bay project. The 116-unit initial development, now under construction, will be the first vacation condos that ResortQuest has opened in the Orlando market. Bahama Bay is just minutes away from Walt Disney World. The total development is expected to encompass 498 units.
“The Bahama Bay Resort will double the size of our Orlando-area presence and give us critical luxury condos near the attractions,” said ResortQuest Chairman, President and CEO David L. Levine. “Our vacation home rentals in Orlando have been popular, but the Bahama Bay development will give us a new dimension.”
Levine added, “We are committed to growing our market share in the premier destinations where we already have a presence. We have just recently announced new management contracts in Hawaii and we are equally excited about our growth in Central Florida.”
Paul Oxley, President of Maesbury Homes, said he is delighted that ResortQuest has agreed to manage and market the 98-acre Bahama Bay resort. “We are confident that ResortQuest`s expertise in global marketing and resort management, working in partnership with Maesbury Homes, will provide facilities that vacationers will return to year-after-year.”
Maesbury Homes is introducing an exciting concept to Central Florida: fee-simple vacation resort condominiums. Nestled on the banks of Lake Davenport, Bahama Bay will offer owners and guests an opportunity to sample the luxury of resort living in this gated community located only ten minutes west of Disney and the other major attractions for which Central Florida is famous.
The resort will boast a 17,000 square-foot clubhouse with exceptional facilities, four swimming pools with spas and a lakeside beach with a fishing dock.
Maesbury Homes is presently marketing the resort to buyers from Europe and the United States.
ResortQuest Orlando`s newly signed agreement to manage the property and market the condos as vacation rental accommodations will expand its Central Florida inventory to more than 900 vacation rentals.
Maesbury expects the first 116 condos, the clubhouse, and two of the resort swimming pools will be completed by the end of the year. The luxury two- and three-bedroom condos range from 1,200 to 1,700 sq. ft. and have exceptional facilities including large, screened balconies overlooking Lake Davenport.
“Our goal is to have a our first guests in time for the Christmas holidays,” Oxley said. “Sales have gone well with the project, and we have every confidence that these will be popular rentals when they open.”
About Maesbury Homes, Inc.
Orlando-based Maesbury Homes is a development company specializing in large-scale mix-used projects. It is currently developing the Bahama Bay Resort. For information on the Bahama Bay Resort, call (407) 518-7433 or go online at www.maesburyhomes.com .
About ResortQuest International
ResortQuest International, the first brand name and “real-time” online booking service (www.resortquest.com / AOL Keyword: ResortQuest) in vacation condominium and home rentals and sales, provides a one-stop resource in over 50 premier resort destinations in the U.S. and Canada. ResortQuest is the world`s largest vacation rental property management company, based on a portfolio of over 20,000 vacation rental properties at an estimated value of over $7.0 billion. To make reservations or view all special offers, visit: www.resortquest.com or call 877-588-5800.