Luxurious Condo Hotel in Islamorada
Just Put on Market

CHEECA LODGE & SPA

March 18, 2004

Joel Greene here from Condo Hotel Center.  I’ve got a real scoop for you today.  It’s a luxurious hotel with an extremely successful history that is being completely renovated and then converted into a condo hotel.  The condo hotel units just came on the market yesterday this week.

I personally am pretty excited about it because not only is it a beautiful property in a spectacular Florida location, but it represents an exciting investment opportunity to get in at pre-construction prices.

The general public is not yet aware of this condo-hotel property, as no advertising or promotions have yet been done.  In fact, when I spoke to the developer today, he told me he didn’t even have any printed brochures yet.  He was expecting the photographer to come shoot brochure photos this afternoon.  Let me give you the details.

Cheeca Lodge & Spa, Islamorada Condo Hotel

When you think of the cities in Florida that best represent the image of wealth and class, what comes to mind is Naples, Boca Raton, Palm Beach, Key West and Islamorada.

Now, due to a change in ownership, there is a very rare opportunity to purchase a luxurious condo hotel unit in Islamorada in the most well known property in the entire Florida Keys, just 75 miles south of Miami.  Best of all, these units are now available for a limited time at pre-construction prices.

An Impressive History

For over 50 years, the Cheeca Lodge & Spa in Islamorada has been recognized as one of the finest hotels in the Florida Keys, and Islamorada is known as the “Sport Fishing Capital of the World.”  Cheeca Lodge is a member of Small Luxury Hotels of the World and is part of the RockResorts portfolio of fine hotels.  It is also the home of the annual George Bush-Cheeca Lodge Bonefish Tournament.

Major Renovations Convert Guest Rooms to Condo Hotel Units

The new owners are putting over $20 million into renovating the main lodge and converting 92 beautifully-appointed guest rooms and suites into condo-hotel units, deluxe beachfront bungalows with private balconies, and garden units that owners can have rented for them to hotel guests.

Pricing at Cheeca Lodge

Junior Suites, one-, two- and three-bedroom units of 400, 700, 1,100 and 1,100 sq. ft. respectively, are priced from $365,000 to $1,200,000.  And they are already selling quickly.  Eight units were sold on the very first day!

Amenities include:

• 27 Acres of lushly-landscaped gardens
• 1,100 ft. Private white-sand beach lined with mature palm trees
• 2 Heated swimming pools and a wading pool
• 6 Lighted tennis courts
• Jack Nicklaus designed par-3, 9-hole golf course
• Concierge, Avanyu Spa & Fitness Studio
• Water sports including parasailing, windsurfing, snorkeling, kayaking and sailing, backcountry and deep-sea charter fishing trips
• Meeting facilities
• Camp Cheeca for kids
• Award-winning Atlantic’s Edge restaurant and Curt Gowdy Lounge

Condo Hotel Investment Potential

As a second home, especially if you love water sports, The Cheeca Lodge is an exceptional property in an amazing location.  For the investment-minded buyer, The Cheeca Lodge offers a proven history of operating as a successful hotel.

With a moratorium on building new properties in the Keys, this is a protected investment that will continue to thrive in a market where room demand clearly outweighs supply.

If you are interested in possibly purchasing a vacation home at this condo hotel, please be sure to request our Cheeca Lodge Data Sheet for more information.

Joel Greene
Licensed Real Estate Broker
Condo Hotel Center
1368 NW 165th Ave.
Pembroke Pines, FL 33028
(954) 450-1929
Joel@CondoHotelCenter.com
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