Reunion Resort in Kissimmee, Florida, is poised for a transformative $1 billion expansion that promises to elevate its status as a premier luxury destination and significantly enhance real estate values within the community. This ambitious project, spearheaded by Kingwood International Resorts, aims to introduce a host of new amenities and accommodations, further solidifying Reunion Resort's appeal to both visitors and investors.
Expansion Overview
The expansion is set to unfold over five phases, encompassing a 31.6-acre site surrounding the resort's existing 10-acre Crystal Lagoon. Key components of the project include:
- 1,800 Vacation Rentals: A mix of homes and townhomes designed to cater to diverse guest preferences.
- New Hotel: Enhancing the resort's capacity to accommodate visitors.
- Amphitheater: A venue for year-round events and entertainment, enriching the cultural fabric of the resort.
- Six Condo-Hotel Buildings: Ranging from five to ten stories, each featuring one- and two-bedroom suites with unique architectural styles inspired by different regions of the world. These units will offer balconies overlooking the lagoon and amphitheater, providing guests with picturesque views of nightly light shows and performances.
The project's groundbreaking is slated for 2025, with the initial phase estimated at $14 million. The development is expected to span several years, progressively introducing these enhancements to the resort's offerings.
Implications for Real Estate Values
The expansion is anticipated to have a profound impact on real estate values within Reunion Resort and the surrounding areas. Historically, the introduction of new amenities and attractions has correlated with increased property values and heightened demand in the vacation rental market.
The addition of luxury accommodations and entertainment venues is likely to attract a broader spectrum of visitors, thereby boosting occupancy rates and rental income potential for property owners. A recent analysis highlighted that proximity to new developments can drive up property values, with investors potentially seeing higher returns as demand increases. (Source)
Stakeholder Perspectives
Fred Zohouri, Chairman of Kingwood International Resorts, expressed enthusiasm for the project, stating, "Our vision is to create a unique and unparalleled experience that blends cultural diversity with luxury living." He emphasized that the expanded dining options and amenities would significantly enhance the guest experience, positioning Reunion Resort as a top-tier destination in Central Florida.
Local real estate experts also anticipate positive outcomes from the expansion. The introduction of world-class amenities is expected to attract a higher-end clientele, thereby increasing demand for properties within the resort. This surge in demand is likely to result in higher property valuations and a more robust real estate market in the area.
Find Your Dream Property at Reunion
As someone who has been finding ideal investment and second-home properties at Reunion Resort since its inauguration, I am excited to share that this expansion represents a unique opportunity for buyers and investors alike. Reunion has consistently delivered outstanding value, and with these new plans, the potential for growth is more significant than ever.
Click here to view current Reunion Resort properties for sale.
Whether you're seeking a luxury vacation rental, a second home, or a long-term investment, there's no better time to explore the possibilities at Reunion Resort. Let’s find the perfect property for you.
