Plaza Sales Closeout Registrations Show Strong Market Response in Daytona Beach

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. October 14, 2008

DAYTONA BEACH, FL, February 14, 2006. The Daytona Beach condo-hotel real estate market remains robust as registrations at 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 TVTM 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.