ChampionsGate® has a projected value of approximately $1 billion and is expected to include 2,864 hotel rooms, 2,136 resort villas and apartments, 54 holes of golf, and 426,000 square feet of retail space, making ChampionsGate® one of the regions largest resort destinations.
“What we’re creating is an upscale destination resort with all the luxuries of a spa, golf, tennis, and other amenities- that happens to be just minutes from Orlando’s tourism epicenter,” states Ira Mitzner, Senior Vice President of RIDA Development. “This gateway to Central Florida will be the largest tourist-commercial development outside of Disney World, and its master-planned vision guarantees that the highest standards will be maintained throughout.”
AREA Property Partners
AREA Property Partners was founded in 1993 by William Mack, a prominent U.S. real estate investor, and Apollo Global Management, LLC, under the name Apollo Real Estate Advisors. Today, AREA is a global real estate investment and asset manager with professionals that combine a rare blend of hands on real estate experience with sophisticated capital markets expertise and a global partner that brings enhanced financial resources and expanded network of industry relationships. AREA has overseen the investment of multiple real estate funds and joint ventures, through which it has invested approximately $13 Billion in more than 570 transactions with an aggregate value in excess of $65 Billion. AREA’s investment offerings have expanded from it’s initial global opportunistic funds to include a broad range of regionally focused opportunistic, value-added and debt investment vehicles throughout North America, Europe and India. AREA maintains offices in each of these regions; a headquarters in New York City, and U.S. office in Atlanta, Purchase, Los Angeles and San Francisco, as well as international offices in London, Paris, Luxembourg and Mumbai.
The five senior members of the firm have worked together since 1995 through multiple market cycles and varying market conditions and are supported by a team of more than 60 investment professionals. AREA also benefits from it’s strategic partnership with National Australia Bank Limited (NAB), and international financial services organization and one of Australia’s largest listed institutions. More specifically, in March 2011 NAB acquired a 35% non-controlling minority interest in AREA through it’s direct asset management group.