I really want to get onto the property ladder and I found a condo hotel that looks very promising.

This actual Condo hotel that I am looking at is in pre-construction and will be finished in 2010. The development is expected to cost $850 million with a Broadway theater, spa, conference halls, restaurants and lots more

My unit that has been offered to me is in the high $300′s and I would have to pay 10% of that by the end of this year and then another 10% at the start of next year. Then I would have to pay the rest (80%) when the construction is finished in 2010.

I was told that the condos will be going up in price in two weeks as the condos are selling out fast. So hopefully I could sell the condo hotel 2010 if it went up quite high for a good profit?

It is a little over my budget but if I work very hard I could afford it. I was just wondering if a condo hotel in Orlando, Florida is a good investment as there are so many hotels in Orlando I am not sure.
This condo hotel is is situated less than one mile from the entrance to Universal Studios, Orlando and only one-and-half miles from the brand new Orlando/Orange County Convention Center.