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CBRE TO MARKET 50-ACRE HOTEL DEVELOPMENT SITE IN HEART OF ORLANDO’S TOURISM CORRIDOR

CBRE TO MARKET 50-ACRE HOTEL DEVELOPMENT SITE IN HEART OF ORLANDO’S TOURISM CORRIDOR

Property is last remaining large parcel near new Disney Springs development

Orlando, FL – June 22, 2015 – (RealEstateRama) — CBRE has been selected as the exclusive listing agent for a 49.7-acre hotel/timeshare site located on the south side of I-4, directly across from the new $200+ million Disney Springs redevelopment of Downtown Disney in Orlando, Florida – the number one tourist destination in the world.

“This is a unique opportunity to acquire a fully approved property adjacent to Walt Disney World — the most popular tourist attraction in Orlando with approximately 52 million visitors in 2014,” said Robbie McEwan, First Vice President of CBRE Land Services Group. Mr. McEwan is marketing the asset along with Preston Hage, Jake Schrimsher and the CBRE Hotels team. “The site offers buyers the ability to develop a new resort hotel or timeshare project on the last remaining large parcel available near Disney Springs, which will be completed in 2016.”

Situated along eastbound Interstate 4, the land wraps around the Orlando World Center Marriott Resort golf course and is adjacent to the 1,037-unit Sheraton Vistana Resort Villas. Approvals are in place for up to 1,460 hotel/timeshare units.

Orlando consistently ranks as the number one tourist destination in the world welcoming over 62 million visitors in 2014, and features the second largest convention center in the United States.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.

Contact:
Elizabeth Cross
305.428.6373
elizabeth.cross@cbre.com
Daniel Jimenez
407.839.3191
danieljimenez@cbre.com

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CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.

Contact:

Nadja Brandt
Corporate Communications, Pacific Southwest

+1 213 6133627