Carlton Advisory Services Inc. has been retained to secure $97 million in construction financing for the development of Sage Resort, a 260-unit luxury condominium hotel located in the heart of the Orlando entertainment district.
Carlton executives Thomas K. McCarthy, Stephen R. Scorgie and Marc Sznajderman are arranging the deal.
The condo-hotel project at 9278 Turkey Lake Road is in close proximity to several attractions, the Orange County Convention Center and near Orlando's major roadway thoroughfares.
The Sage Resort community plans to offer a resort lifestyle with the luxury of condominium-quality residential units. On-site features include a two-story lobby with grand staircase, 24-hour check-in service, concierge desk, a conference/meeting room with high-speed Internet access, Sports Bar & Grill, a complete fitness center, a spa, a lakefront gazebo and a pool.
The project will be 10 stories tall and will include two-bedroom, three-bedroom and some luxury two-story town home penthouse units on the ninth and 10th floors. The hotel will feature a Jacuzzi Roman tub, upscale furniture, designer bath fixtures, washers/dryers, granite kitchen countertops, pre-wired cable TV and wireless high-speed Internet.
New York-based Carlton Advisory Services is a national real estate investment banking firm prominent in debt and equity placement, investment sales, and commercial and residential loan sales. Founded in 1991, Carlton has consummated in excess of $25 billion of transactions since 1998.
http://phoenix.bizjournals.com/orlando/stories/2006/04/03/daily43.html

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