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Hayes Reid Development Group Completes $2.5 million Renovation of the The Palms Hotel and Villas
in Kissimmee, Florida
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CELEBRATION, Fla.— July 20, 2005 - The Celebration, Fla.-based Hayes Reid Development Group Inc. is announcing The Palms Hotel and Villas as the first condo hotel in the Orlando-Disney area.  The Palms Hotel and Villas, which was purchased as a three-star, all-suite resort hotel and converted, is the first of many condo hotels coming to the area under the direction of Hayes Reid Development Group Inc.

The Palms Hotel and Villas is a 156-unit property located at 3100 Parkway Blvd., in Kissimmee.  A $2.5 million renovation has been completed recently to enhance the beauty of the property. The Palms Hotel and Villas, a Walt Disney World Good Neighbor Hotel, is only 1.5 miles from the entrance to the Walt Disney World Resort Area and offers newly renovated two-room suites with kitchens equipped with full-size refrigerators, two-burner stovetops, microwaves, toasters, dishwashers and cooking/eating utensils.  The Palms also offers its guests two pools, a Jacuzzi, an exercise room and a daily complimentary continental breakfast.

The Palms Hotel and Villas 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.  Many members of the pre-transition hotel staff have remained in place to coordinate the change and direct the property’s operations.

“It is very exciting to be involved in the first condo hotel in the Disney area,” said Mark Manring, Director of Operations for Hotel Condo Services. “This trend is beginning to sweep the hospitality industry and we’re proud to be on the cutting edge!”

The Palms Hotel and Villas 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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Contact:

Christopher Long
Director of Communications
The Palms Hotel & Villas
Hotel Condo Services, LLC
3100 Parkway Boulevard
Kissimmee, FL  34747
407-396-2229, ext. 7180
Chris@HotelCondoServices.com
www.ThePalmsHotelandVillas.com
www.HotelCondoServices.com

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Also See: Osceola County Commissioners May Opt Not to Vote for Either Rival Proposal from FaulknerUSA and Gaylord Entertainment to Build a Convention Center and Hotel / June 2005
Two Multibillion dollar Orlando Resorts, ChampionsGate and Reunion, Have Much in Common -Multiple Golf Courses, Hotels, Shops and Restaurants; Each Anticipate Completion by 2010 / November 2003


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