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ChampionsGate®
is being developed as a joint venture by Apollo Real Estate Advisors of New York
and RIDA Development Corp of Houston.
 Apollo Real Estate Advisors, L.P. is a principal
investment firm which invests and manages capital on behalf of four real estate
investment funds.
Apollo is led by
William Mack and a team of experienced professionals with extensive experience
in all facets of the real estate business, including ownership, development,
financing, and management. Apollo’s four
real estate investment funds have targeted a broad range of investments in real
estate assets, portfolios, joint ventures and operating companies. Since its formation in 1993, Apollo has
invested approximately $3 billion of equity in 190
transactions. As part of its investment activities, Apollo has globally
diversified its funds through more than $500 million of equity investments in European real estate ventures. In 2000, Apollo
made its first investments in real estate assets in Japan.
ChampionsGate® has a projected value of approximately $1
billion and is expected to include 2,864 hotel rooms, 2,136 resort villas and
apartments, 54 holes of golf, and 426,000 square feet
of retail space, making ChampionsGate® one of the regions largest resort
destinations.
“What we’re creating is an upscale destination resort with
all the luxuries of a spa, golf, tennis, and other amenities- that happens to be
just minutes from Orlando’s tourism epicenter,” states Ira Mitzner, Senior Vice
President of RIDA Development. “This
gateway to Central Florida will be the largest tourist-commercial development
outside of Disney World, and its master-planned vision guarantees that the
highest standards will be maintained throughout.”
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