The Palms Suites Lakeside opens as new Condo Hotel conversion in the Orlando-Disney Area.

CELEBRATION, Fla.—The Celebration, Fla.-based Hayes Reid Development Group Inc. is announcing The Palms Suites Lakeside as their second condo hotel in the Orlando-Disney area. The Palms Suites Lakeside, which was purchased as a three-star, all-suite resort hotel and converted, is the second of many condo hotels coming to the area under the direction of Hayes Reid Development Group Inc.

The Palms Suites Lakeside is a 144-unit property located at 4786 West Irlo Bronson Memorial Highway in Kissimmee. A $3 million renovation will be completed to enhance the beauty of the property and entirely refurbish the guest suites.

Located on Lake Cecile, the Palms Suites Lakeside is only five miles from the entrance to the Walt Disney World Resort. In addition to offering many beautiful lakefront views, the property offers two room suites with kitchens equipped with full-size refrigerators, stoves with ovens, microwaves, toasters, dishwashers and cooking/eating utensils. The Palms Suites Lakeside also offers its guests a pool, Jacuzzi, lakefront beach and a daily complimentary continental breakfast.

The Palms Suites Lakeside is managed on a daily basis by Hotel Condo Services LLC, a leading management company that specializes in the transition of hotels to condo hotels.

“We are proud to be involved in the second condo hotel project from Hayes Reid in the Disney area,” said Mark Manring, Director of Operations for Hotel Condo Services. “We look forward to an amazing year in 2006 once all renovations are completed at the Palms Suites Lakeside.”

The Palms Suites Lakeside will be a premier member of the Lexington Collection by Vantage. The Lexington Collection will be an upscale, all-suite brand from Vantage Hospitality Group Inc., which also has Americas Best Value Inn, the fastest growing hotel chain in America.

Hayes Reid Development Group Inc. is founded upon 30 years of building and development experience coupled with extensive resort and residential marketing experience.


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