Coldwell Banker® System Expands its Reach to Belize
Coldwell Banker System Expands its Global Reach to Belize
PARSIPPANY, N.J., (February 15, 2007) – Coldwell Banker Real Estate Corporation has announced the signing of a sub franchise agreement through its Coldwell Banker Latin America master, coinciding with the opening of the first Coldwell Banker® office in Belize. With this opening, Belize becomes the 32nd country or territory outside of the United States to have a Coldwell Banker presence.
Belize markets itself as being both in Central America and the Caribbean, and has the best of both. With a stable political democracy, currency pegged to the US dollar, miles and miles of sandy beaches and the largest barrier reef in the Western hemisphere, Belize promises to be one of the strongest emerging markets in which to invest.
“Franchise growth outside of North America remains one of our key initiatives,” said Jim Gillespie, president and chief executive officer of Coldwell Banker Real Estate Corporation. “Central America is fast emerging as a hot spot for property investment, and was recently highlighted by CNN as ‘One of the 6 hottest foreign second home markets for 2007.’ We are proud to introduce our brand to this robust market, and wish our colleagues at Coldwell Banker Belize Real Estate great success in their operations.”
“We are excited to bring a real estate service to Belize anchored in the traditions of one of the world’s most premier brands,” said Arne Rodhall, General Manger of Coldwell Banker Belize. “We are committed to working with the finest developers and our goal is to provide a premium estate experience for our customers, backed by the Coldwell Banker name.”
The team behind Coldwell Banker Belize has a combined real estate experience of over 50 years, both domestic and international, and includes a previous “Chairman’s Circle” company designation.
Since 1906, the Coldwell Banker® organization has been a premier provider of full-service real estate. In 2006, Franchise Times magazine’s prestigious Top 200 issue ranked the Coldwell Banker system number one in real estate for the seventh straight year and number eight among all franchisors. The Coldwell Banker System has more than 4,000 residential and commercial real estate offices and 127,700 Sales Associates in 31 countries and territories. The Coldwell Banker System is a leader in the industry in residential and commercial real estate, and in niche markets such as resort, new home and luxury properties through its Coldwell Banker Previews International® division. It is a pioneer in consumer services with its Coldwell Banker Concierge® Service Program and award-winning Web site. Coldwell Banker Mortgage is one of the largest telephone/web based lenders in the country. Coldwell Banker Real Estate Corporation is a subsidiary of Realogy Corporation (NYSE: H), the world’s largest real estate franchisor. Coldwell Banker® is a registered trademark licensed to Coldwell Banker Real Estate Corporation. Each office is independently owned and operated except for offices owned and operated by NRT Incorporated.
