A new condo-hotel development that’s to be located near Walt Disney World is introducing a new ownership model to Central Florida.
Ambar Residences Orlando, a resort planned for the Four Corners area with 322 fully furnished condos, is a collaboration between Marriott International and The Big Key Group, a Miami-based real estate development firm.
The condos, which fall under the Apartments by Marriott Bonvoy brand, are designed for resort stays and offer more amenities than a traditional hotel room, such as in-residence washers and dryers, as well as kitchens with high-end appliances and expansive living rooms with foldout couches. “They’re designed for families and multigenerational use,” Nate Siehr, co-founder of The Big Key Group, told GrowthSpotter.
Condo units range from 533 to 1,185 square feet, and all are equipped with a full kitchen, in-unit laundry, and a living room with a sleeper sofa. (Courtesy of The Big Key Group)
Sales of the studios and one-, two-, and three-bedroom condos are underway, with prices ranging from the mid-$300,000s to the mid-$700,000s.
Owners of the condos can stay there up to 30 days a year, with the units used as short-term rentals for the rest of the year. What makes Ambar Residences different is that it allows for long-term resort stays and also ownership of the condos. In other words, it’s not a typical timeshare. Buyers fully own their condos and get a share of the revenue from the short-term rentals from their units, while Ambar also gets a share of the rental proceeds in order to keep the resort running. Owners can also resell their condos whenever they’re ready to do that.
“The purpose of this is to bridge the gap between vacation stays and owning residences,” Siehr told GrowthSpotter. “We look forward to providing an offering that combines home ownership with world-class hospitality in one of the world’s most dynamic travel destinations.”
The fully-furnished condo units include a bunk room for kids that sleeps four. (Courtesy of The Big Key Group)
With three buildings on 11 acres at 3251 Secret Lake Drive just south of U.S. 192 in Kissimmee, the property features a mix of condos spanning 533 to 1,185 square feet, including a limited collection of penthouses, as well as a selection of units with furnished dens for children.
Groundbreaking is slated for the first or second quarter of 2026, with completion expected by 2028, Siehr said. The name Ambar (meaning the color “amber” in Spanish) was chosen to reflect the warmth and radiance of Florida’s year-round sunshine. “We created this unique brand for the property around the warmth and glow of the Florida sun,” Siehr said.
Amenities include a 7,000-square-foot resort-style pool with cabanas and a retractable movie screen, a 2,000-square-foot fitness center, wellness spaces, lounge areas, on-site dining and hotel-style services. (Courtesy of The Big Key Group)
On-site dining will feature a signature restaurant and an indoor-outdoor bar overlooking the pool, plus a grab-and-go café marketplace for fresh, casual fare. (Courtesy of The Big Key Group)
Amenities include a 7,000-square-foot resort-style pool with cabanas and a retractable movie screen, a 2,000-square-foot fitness center, wellness spaces, lounge areas, on-site dining and hotel-style services. It’s five miles from the gates of Walt Disney World, 17 miles from Universal Studios, and 14 miles from SeaWorld.
The project is designed by OTJ Architects, with interiors done by Sixteenfifty Creative Intelligence. The resort will be managed by Coury Hospitality, which will provide weekly housekeeping and daily property operations.
The current planned layout for the property – 322 units in three buildings – has evolved from a 2024 plan that called for 348 units, including four 7-story buildings and a row of nine townhouse-style units, each with four bedrooms and a private plunge pool. And that 2024 plan was scaled down from an earlier concept presented to Osceola County staff in 2023 that originally included 403 condo-hotel units.
Construction will start in 2026 on the Ambar Residences Orlando, a condo-hotel on Secret Lake Drive in the Four Corners submarket. (Courtesy of The Big Key Group)
Secret Lake Drive is about halfway between U.S. 429 and Westside Boulevard, in the heart of the Four Corners submarket. The proposed resort is just south of the future International Skydiving Museum & Hall of Fame and also abuts the Dolce Living at Royal Palms apartments, which were built in 2021 and sold in 2022 for $95 million.
Marriott’s latest extended-stay concept, Apartments by Marriott Bonvoy, launched in 2022 in Puerto Rico and opened its first location in the continental United States in 2023 in Savannah, Georgia. The brand’s first Florida location is the 80-acre Villatel Orlando Resort, which opened last March in the heart of Orlando’s North I-Drive District.
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