| DAYTONA BEACH, FL (February 14, 2006) The Daytona Beach condo-hotel
real estate market remains robust as registrations at www.plazacloseout.com
<http://www.plazacloseout.com>
for the April closeout continue at a steady pace. Ocean Waters, owners
of the historic Plaza Resort & Spa, are tracking a steady stream of
registration traffic as interested investors sign up for this limited opportunity
to actually own beachfront property in this popular resort community.
 �The
demand for condo-hotel space here in Daytona Beach is very, very strong,�
said Ocean Waters� senior Vice President Doug Kosarek. �This is especially
true during race week as we are flooded with visitors from around the world
for the Daytona 500. Hotel rooms are at a premium so suddenly people realize
that it makes sense to invest in what amounts to a permanent reservation.
Plus there is the added bonus of knowing after a day at the race track,
you can come back here and relax at the finest beachfront resort on Daytona
Beach.�
The Plaza Closeout Sales Event will take place April 28 and 29.
To attend, it is necessary to register on-line at www.plazacloseout.com
. Here registrants may preview inventory and prices on-line and will be
invited to the spring gala sales event.
Plaza Resort & Spa is truly a haven of relaxation on the beach.
With 323 exquisitely restored suites, this luxurious resort hotel-condominium,
designed to meet four-star standards, continues to define superior accommodation
in Daytona Beach.
A variety of suite types are still available with direct oceanfront
or ocean view orientation. Most feature a variety of amenities including,
42-inch flat screen televisions with Extreme TV� cable, high-speed Internet,
in-room safes, voice mail phones, and fully equipped kitchenettes with
refrigerator, microwave and coffee maker. Additional luxuries include
direct access to the spectacular no-drive beach, the fabulous Ocean Waters
Spa on the first floor along with a full-service salon and state-of-the-art
Fitness Center.
Pricing starts at $194,900 and goes to $569,900. The final phase of
the closeout will be the last chance to actually own a part of this historic
property. Only those who register on-line at www.plazacloseout.com
will be eligible to participate in the closeout event.
Since their beginnings in the Miami area, hotel-condominiums have spread
throughout the country in places like Las Vegas and Chicago, fast becoming
the real estate purchase of choice among those looking to buy luxury resort
real estate. According to real estate experts, the recent demand for hotel-condominiums
is only the beginning of a trend that shows no signs of slowing.
The appeal of hotel-condominiums is easy to understand. Unlike timeshares,
where owners are only allowed to use their condominium for one or two weeks
a year, hotel-condominium owners have outright ownership of their suite.
Owners have the option of placing their suite in a professionally managed
rental program allowing the owner to receive a percentage of the revenue
from the suite when the owner is not using it. The end result is hassle-free
ownership with the in-house management company maintaining the property
and handling the rental details.
For more information or to register for the event, visit www.plazacloseout.com.
About Ocean Waters
Ocean Waters is a privately held Daytona Beach hospitality ownership
and management company specializing in redeveloping and renovating waterfront
properties and transforming them into luxury hotel and condominium resorts.
The Ocean Waters family of companies includes Ocean Waters Management (formerly
Oceans Resorts) and Ocean Waters Development. Ocean Waters operates a portfolio
of properties directly on the 23 miles of contiguous shoreline that make
up the �World�s Most Famous Beach� in Daytona Beach, Daytona Beach Shores
and Ormond Beach, Florida.
For more information visit www.daytonahotels.com <http://www.daytonahotels.com>
or call 1-800-874-7420. |