Margaritaville and Encore Capital Management Partner to Build Margaritaville Resort in Orlando
ORLANDO, Fla. August 13, 2015 - Margaritaville Holdings LLC, and Encore Capital Management announce the development of a Margaritaville Resort community in Orlando. Guests will be transported to paradise and a vacation state of mind through the Margaritaville branded resort that will include a hotel, vacation ownership and vacation homes. Inspired by the lifestyle celebrated in Jimmy Buffett's iconic songs, the resort will become an oasis for relaxation and fun - that "one particular harbour," and will offer many experiential opportunities including a "FinCity" arcade, a St. Somewhere Spa, a planetarium and the Son of a Sailor fishing school, paddleboarding and kayaking. Ancillary to the Margaritaville Hotel, Encore is developing its own proprietary brands for food and beverage outlets, which will be owned and operated independently by Encore or its subsidiaries.
"This vacation resort - offering such a variety of lodging options - will make Margaritaville available to everyone looking for a part of paradise in Orlando," said John Cohlan, CEO of Margaritaville Holdings LLC. "Margaritaville is about escapism, relaxation, and vacation and we are excited to partner with Encore to develop such an exceptional experience."
The 300-acre community will be located on US Highway 192 near State Road 429 in western Osceola County. The project will include an expansive aquatic amenity and lake with beach area. The community will also feature 170,000 square feet of retail and a regional water park.
"We're excited to partner with an established lifestyle brand and develop a unique resort offering in this key area of Central Florida," said Encore co-founder and Managing Principal, Art Falcone. "There is no other lifestyle brand that knows how to vacation like Margaritaville and we look forward to building this destination experience in Orlando."
For real estate information, contact David Hurst at (407) 566-7170 or via email at [email protected].
About Encore Capital Management
Encore Capital Management ("Encore") is a diversified, vertically integrated, real estate investment and development firm. Encore utilizes its breadth of development experience and expertise to invest in distressed and opportunistic properties, multifamily apartments, large master-planned residential and resort communities, and high barrier to entry urban infill projects. Encore is developing over 20,000 rental apartments, homes for sale, and residential lots with estimated sell out revenue of approximately $4 billion. Encore assets under management are approximately $2 billion with committed equity in excess of $1 billion across three funds.
About Margaritaville
Margaritaville is a global brand inspired by the lyrics and lifestyle of singer, songwriter and author, Jimmy Buffett, whose songs evoke a passion for tropical escape and relaxation. Comprised of consumer products, restaurants, retail shops, hotels, resorts and Radio Margaritaville on Sirius/XM, Margaritaville, which features live broadcasts of Jimmy Buffett concerts, delivers a tropical experience where anyone can enjoy the sights, sounds and tastes of their favorite destination regardless of their current latitude. Since launching its first restaurant location in Key West, Fla. in 1987, Margaritaville has expanded to some of the most popular U.S. destinations including Orlando and Las Vegas. Margaritaville resorts and hotels can be found in Pensacola Beach, Fla., Bossier City, La. and Pigeon Forge, Tenn., with a 350 room oceanfront resort opening mid-September in Hollywood Beach, Fla. The Margaritaville portfolio also includes Margaritaville Vacation Club properties in St Thomas USVI, and San Juan, PR. The Margaritaville at Sea experience with Norwegian Cruise Lines launches this October on the brand new Escape ship. Consumers can also escape everyday through a collection of Margaritaville consumer products including apparel for men and women, footwear, frozen concoction makers, home decor and more. Additionally, the brand's food, beverage and spirits lines - including Margaritaville tequilas, rums, LandShark Lager and Island Tea - deliver authentic, tropical escapism to fans around the world. Margaritaville, a state of mind since 1977.
Contact:
Courtney Griffith
[email protected]
310-429-7033
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
