Encore Capital Management Reveals First Renderings for $750 Million Margaritaville Resort Orlando
ORLANDO, FL. June 13, 2016 - The first renderings of Margaritaville Resort Orlando were revealed today, giving travelers from around the world a sneak-peek of a one-of-a-kind vacation escape in the heart of Orlando. Construction recently began on the $750M destination resort, being developed by Encore Capital Management, on 320 acres along U.S. Highway 192 near Toll Road 429 in Western Osceola County. The company's sales center will open in the coming days, with the first phase of the project expected to be completed by the end of 2017.
As shown in a new master rendering (above left), the expansive waterfront destination resort will be an exciting addition to Central Florida's thriving attraction and tourism scene. Margaritaville Resort Orlando features a 175-room Margaritaville hotel, 1,000 Margaritaville-themed vacation homes, 300 timeshare units, 30,000 square-feet of function space, 200,000 square feet of festive retail space, a dining and entertainment district, 12-acre water park, wellness center, miles of wooded fitness trails and a water taxi system.
A second rendering (above right) shows one of the most unique features of the Margaritaville Resort Orlando - a three-acre swimmable freshwater lagoon. The lagoon features natural sand beaches, the first and only in Central Florida, surrounded by cabanas and water activities, including paddle-boarding, snorkeling and more.
Margaritaville Resort Orlando is a first-of-its-kind vacation destination resort, inspired by the lyrics and lifestyle of Jimmy Buffett. Additional details about the property, including amenities, services and facilities will be announced in the coming weeks.
For more information, visit www.MargaritavilleResortOrlando.com or call 844-FIN-TIME (844-346-8463).
About Encore Capital Managment
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.
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 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 AAA Four-Diamond oceanfront resort in Hollywood Beach, Fla. New resort destinations recently announced include Biloxi, Ms., Orlando, Fla. and Grand Cayman. 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 Line launched in November 2015 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:
Samantha Jacobs
[email protected]
954-716-7614
Kristin Soto
[email protected]
954-716-7614
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 
