Named the “World’s Top Amenity,” Crystal Lagoons® offers fun and safe environments for swimming and water sports. The turquoise, Caribbean-style lagoons will open across Orlando, in Lake, Orange, Seminole, Osceola and Sumter Counties, and be accessible to the public.
This new strategic alliance will bring a great amenity that Orlando lacks: a beach lifestyle,” says Jonathan Cohen, ADËLON Capital Development Partner.
Orlando, Florida—May 17, 2021— Crystal Lagoons, the multinational water innovation company that has taken Caribbean beach life to places all over the world, will now bring turquoise waters, white sand beaches and aquatic sports to Orlando. As announced by Iván Manzur, Crystal Lagoons Corporate Senior VP of Sales, a master agreement has been consolidated between the company and renowned hospitality asset manager ADËLON Capital for the development of at least five PAL™ (Public Access Lagoons™) projects, accessible to the public through a ticket.
The first project is expected to open as early as 2023 and all PAL complexes planned for Orlando will not only offer idyllic beach life and entertainment, but also hotels, multifamily developments, stores, restaurants, wedding areas, conferences, concerts and many more. The developments will be located across Orlando, in Lake, Orange, Seminole, Osceola and Sumter Counties.
“This important partnership with such a respected developer represents a new landmark for Crystal Lagoons® in a region that is ideal for our globally known lagoons. We chose Orlando because we believe this iconic central Florida city can be revolutionized by our crystalline waters, which have been lauded in the press as being at the ‘helm’ of the amenity craze,” Manzur said. “This agreement confirms that PAL projects are the future of our business. Investors are interested because of their cost effectiveness, safety, low risk and stability facing health and economic concerns brought by Covid,” added Manzur.
Jonathan Cohen, ADËLON Capital founder and co-chairman remarks, “We are very happy with our strategic alliance with Crystal Lagoons, one of the world’s most innovative companies. With their technology, we will bring Orlando the only thing it is lacking: a beach lifestyle.”
Named the “World’s Top Amenity,” Crystal Lagoons offers fun and safe environments for swimming and water sports, such as paddle boarding, kayaking and sailing. Theglobal technology company has developed a patented concept and technology to create unlimited-sized, crystal-clear lagoons that bring the luxury of a beachfront experience anywhere in the world at very low costs.
Crystal Lagoons is expanding throughout Florida, Texas, California, Arizona, Alabama, North & South Carolina, Georgia, Washington DC. They currently have 221 real estate and PAL projects in different stages of development by investor groups and developers across the United States with projects such as Epperson, Sole Mia, Balmoral, Lago Mar, Windsong Ranch, Section 31, Southshore Bay, Mirada, Avenir and Sierra Vista. PAL projects quickly become the most beautiful destinations in the city they are in. Their success can be seen in Epperson and Lago Mar (Florida and Texas), that register sold-out tickets weeks in advance.
ADËLON is a multi-asset investment group with a proven track record and solid expertise in the ownership, acquisition, development, management and disposition of hospitality, multifamily and mixed-use assets. ADËLON combines its operational expertise with rigorous analysis of current and potential assets, to generate attractive and stable returns for its clients.