Offering MeMOranduM
Central Florida
Flamingo Crossing area Development site
Hotel | Short Term rental | retail
TABLE OF CONTENTS
1> PrOPErTy INFOrmATION executive Summary ........................................................................... 4 area demographics ............................................................................ 5 flamingo Crossings ............................................................................ 6
1> LOCATION INFOrmATION | AErIALS Location Map ...................................................................................... 8 Location Overview ............................................................................. 9 Location detail .................................................................................... 10 roadway expansion ........................................................................... 11
2> mArkET OvErvIEw demand driver development Pipeline .............................................. 13 Hotel development Pipeline ............................................................... 14
iHg Hotel Brands .............................................................................. 15
3> ThE COLLIErS TEAm Colliers international Team ............................................................... 17
about Colliers .................................................................................... 18
23± Acres
COLLierS inTernaTiOnaL | fLOrida | 3 FLAmINgO CrOSSINgS
Offering MemorandumFLAmINgO CrOSSINgTourism Development Opportunity
PrOPerTY infOrMaTiOn
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Executive Summary
property Detailsacres: 23± upland acres
Jurisdiction: unincorporated Orange County
roadway: 2,300± feet of frontage on flamingo Crossing Blvd 1/4 Mile from 429 full interchange
Zoning: PD 60,000 Sf Commercial 400 Hotel Keys >1st 200 Keys iHg flagged Hotel 500 Short Term rental units
adjacent Developments: disney World flamingo Crossing Orange Lake resort (10K guests daily)
Development pipeline: TownePlace Suites - 248 Keys SpringHill Suites - 250 Keys Walgreens (Proposed) Hess (Proposed) Hilton Hotel (Proposed)
Orlando Tourist Demographics 62± Million Visitors in 2014 (8% international)
domestic Overnight Leisure Travelers average income: $96,000
average age of Head of Household: 44.3 Years Old % with children under 18: 52% avg Length of Stay: 3.9 nights
flamingo Crossing Blvd
23± acres
Holiday Inn Vacation Club
SR 429 Disney Exit
Road Expansion
Proposed: 700 Homes
Age Restricted
Proposed: Housing for
Disney Interns
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Area Demographics
2015 demographics3-Mile 5-Mile 10-Mile
employees 165,207 269,683 613,738establishments 10,368 20,799 48,887Total Population 87,636 266,140 869,130Median age 39.4 36.4 35.4Households 42,583 115,584 357,387
inCOMeave HH income $62,657 $58,189 $61,689Med HH income $42,374 $38,415 $43,744
THeMe ParK aTTendanCe
Theme Park address 2014 attendance distance
Magic Kingdom 1180 Seven Seas dr 18,500,000 6 miles
epcot 200 epcot Center dr 11,299,000 7 miles
animal Kingdom 2901 Osceola Pkwy 10,402,000 3 miles
universal Studios 6000 universal Blvd. 8,141,000 15 miles
Seaworld 7007 Seaworld dr 5,090,000 12 miles
Economic Indicators
epCot
magiC KingDomLocation map
animal KingDom
orange laKe resort
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Flamingo Crossings
Subject Site
23± Acres
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Offering MemorandumFLAmINgO CrOSSINgTourism Development Opportunity
Location information | aerials
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Location Map
Cocoa Beach
Daytona Beach
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Location Overview
ADT:55,500
ADT:14,200
Annual Attendance 18,500,000
Annual Attendance 10,402,000
Annual Attendance 10,312,000
Annual Attendance 11,299,000
ADT
4,70
0
Harzog Road Expansion
Aval
on R
d
15 Minutes
12 Minutes
11 Minutes
5 Minutes
Western Way Expansion to US 27
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Location Detail
ADT:14,200
ADT:5,400
ADT:55,500
Disney’s Flamingo Crossings
DevelopmentDisney’s Flamingo Crossings
Development
Orange Lake Resorts
Site
Holiday Inn Vacation Club
(Orange Lake Resorts) 2,500 Units
10,000 Guests on Site Daily
Proposed: 700 Homes
Road Expansion
Disney Entrance Pl
anne
d Ho
usin
g fo
r 10
,000
Dis
ney
In
tern
s
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Roadway & Housing Expansions
existing roadway
Proposed roadway
proposed: 700 senior living Units
Hartzog road expansion to be completed by orange lake
ADT
4,70
0
ADT:14,200Site
proposed Western Way
expansion to Us 27
planned Housing for
Disney interns
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Offering MemorandumFLAmINgO CrOSSINgTourism Development Opportunity
Market information
Market Overview
Flaming Crossings, FL | Offering MeMOranduM COLLierS inTernaTiOnaL | Page 13
DemanD Driver proJeCt pipeline
ProjectProjected
development Value
Completion date
description
Pandora - The World of avatar TBd 2016 Pandora—The World of avatar is a themed area currently being constructed in the south-west portion of disney’s animal Kingdom theme park.
disney’s Star Wars Theme Park TBd TBd Star Wars land is coming to disney’s Hollywood Studios featuring two signature attractions, including the ability to take the controls of one of the most recognizable ships in the galaxy, the Millennium falcon.
Lake Buena Vista Outlet expansion TBd 2016 Lake Buena Vista factory Stores, an outlet mall located east of Walt disney World on Sr 535, is expanding its existing shopping center by 110,000 square feet of leasable space.
international drive’s Skyplex $200,000,000 2016 The proposed $200 million development includes a tower-top restaurant, observation deck, ground-level stores and 1,500-car parking garage. Brave riders aboard the world’s tallest roller coaster could spiral toward the ground at 65 mph from a height of 570 feet at a new attraction planned for Orlando’s international drive.
Starflyer attraction $5,000,000 2016 it will be the largest swing ride in the world and will replace a smaller Starflyer attraction (236 feet tall) found at Magical Midway entertainment center, which is located at 7001 international drive and owned by the same developers of the new Starflyer.
universal’s Volcano Bay Waterpark TBd 2016 universal’s Volcano Bay is the next in a series of boldly creative experiences that have opened and will continue to open at universal Orlando.
all abord florida TBd 2020 all aboard florida is a passenger rail project that will connect Miami and Orlando through express intercity service while also building new passenger stations.
Tourist Corridor Project Pipeline
Market Overview
Flaming Crossings, FL | Offering MeMOranduM COLLierS inTernaTiOnaL | Page 14
Hotel proJeCt pipeline
ProjectProjected
development Value
Completion date
description
Margaritaville resort - 300 acres $800,000,000 TBd The resort will be on u.S. Highway 192 near State road 429 and will include a beach area, lake, a water park and more than 170,000 square feet of retail space. no details on the cost or timeline for the project were revealed.
Shingle Creek resort expansion TBd 2017 rosen Hotels & resorts with the help of arnold Palmer will expand the golf course at its Shingle Creek resort onto a 24.6-acre parcel the company owns directly north of the property and is considering the addition of 650 rooms for the resort off universal Boulevard.
gravity action Sports resort $39,000,000 2015 Xero gravity action Sports LLC said it is planning to develop the action Sports & entertainment resort, near the intersection of u.S. 192 and State road 535.
Legoland Hotel & Park expansion TBd 2015 The five-story, 152-room Hotel immerses guests into a creative LegO® world designed to bring children’s imaginations to life.
universal Sapphire falls resort TBd 2016 The Sapphire falls resort project at universal Orlando will be a Caribbean-themed full-service hotel with 1,000 rooms and 83 suites, built around a tropical lagoon and waterfall.
Westgate resorts expansion $29,000,000 2017 Wesstgate resorts should break ground within 45 days on a new $9 million complex for dining and retail at its Vacation Villas resort & Spa in Kissimmee, and aims to invest $20 million in the fourth quarter on a new 172-unit building at the property
Sun Sol resort expansion TBd 2017 The 192-room Sun Sol Hotel & resort has filed plans seeking to build a seven-story, 141-room expansion, according to city documents. floor plans show the property also will include some suite on site, as well as a dining area on the ground floor.
Tourist Corridor Project Pipeline
Hotel Brands
Offering MeMOranduM COLLierS inTernaTiOnaL | Page 15
Intercontinental Hotels GroupBrand Logo # of
hotels Description
Holiday inn franchises
Holiday inn express2,391 a fresh, clean, uncomplicated hotel choice offering
comfort, convenience and good value. Holiday inn express is one of the fastest growing hotel brands in the industry, opening on average two hotels a week.
Holiday inn 1,148 One of the world’s most recognized hotel brands with
a global reputation for service, comfort and value. did you know that 100,000,000 guests visit Holiday inn every year.
extended Stay franchises
Staybridge Suites216 an extended stay hotel brand offering comfortable and
stylish accommodation. Staybridge Suites® is ideal for upscale business and leisure travellers who want to move infor longer stays and enjoy the best of home and hotel.
Candlewood Suites330 a clean, uncomplicated extended stay hotel choice
offering convenience and good value. Candlewood Suites® brand is focused on comfort, space and value. The first Candlewood Suites hotels property was opened in Wichita, Kansas in 1996.
Boutique franchises
Hotel indigo62 Hotel indigo is known as the industry’s first branded
boutique hotel, artfully combining the conveniences and consistencies of a brand hotel with the design cache and service personality of a boutique
even Hotels2 The newest franchise in the iHg portfolio: eVen™
Hotels offers a fresh perspective on travel to wellness minded travellers.
Luxury franchises
Crowne Plaza401 an upscale brand in major urban centres, gateway
cities and resort destinations offering business travellers high levels of comfort, service and amenities
intercontinental Hotels180 The world’s first truly international hotel brand,
interContinental Hotels & resorts is located in more than 60 countries with local insight that comes from over 60 years of experience.
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Offering MemorandumFLAmINgO CrOSSINgTourism Development Opportunity
Colliers Team
Market Overview
Flaming Crossings, FL | Offering MeMOranduM COLLierS inTernaTiOnaL | Page 17
for more info, please visit online data room at http://cilistings.listinglab.com/BaldwinPark
The Colliers Team
Susan MorrisPrincipal | Senior [email protected] +1 407 362 6154
nick [email protected] +1 407 362 6166
h OT E LL A N D m u LT I FA m I Ly r E TA I L O FF I C E I N D uST r I A L
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disclaimer
Flamingo Crossing, FL | Offering MeMOranduM COLLierS inTernaTiOnaL | Page 19
ConFiDentiality & DisClaimer statement
This Offering Memorandum contains select information pertaining to the business and affairs of the 23± flamingo Crossings’ site. it has been prepared by Colliers international. This Offering Memorandum may not be all-inclusive or contain all of the information a prospective purchaser may desire. The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser of the Property. it is not to be used for any other purpose or made available to any other person without the written consent of Seller or Colliers international. The material is based in part upon information supplied by the Seller and in part upon financial information obtained by Colliers international Central florida from sources it deems reliable. Owner, nor their officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness or this Offering Memorandum or any of its contents and no legal liability is assumed or shall be implied with respect thereto. Prospective purchasers should make their own projections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence.
By acknowledging your receipt of this Offering Memorandum from Colliers international Central florida, you agree:
1) The Offering Memorandum and its contents are confidential;
2) You will hold it and treat it in the strictest of confidence; and
3) You will not, directly or indirectly, disclose or permit anyone else to disclose this Offering Memorandum or its contents in any fashion or manner detrimental to the interest of the Seller.
Owner and Colliers international expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to purchase the Property and to terminate discussions with any person or entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed and delivered.
a prospective purchaser’s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an executed Purchase agreement and shall be subject to the terms thereof. in no event shall a prospective purchaser have any other claims against Seller or Colliers international or any of their affiliates or any of their respective officers, directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale of the Property.
This Offering Memorandum shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the Property since the date this Offering Memorandum.
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