As I understand it, as a Realtor/Broker, Timeshares are sold as condos. in order for something to be a condo, a "Decleration of forming a Condo" has to be filed with the state. FL may also require a timeshare filing also, I will have to check on that, As of now, there are only building permits, and they can name it whatever they want. (ie..family suites) But as of the state of FL, it is only a hotel at this point. It is a matter of public record, so once a decleration of condo is made, then it should be easy to find.
You can build a hotel, apartment, wharehouse, etc.....and later delcare a condo by following the appropriate steps such as codes, zoning, legal stuff and HOA's.
As some have said, it may be mixed use, I think they are waiting on the market which is bad right now, though vacation homes are doing ok, they may slow down once the crack down on lending wraps up. These are things that managment have to look at.
I think they will start out as suites and if the convention buisness picks up it will stay that way, if it does not, and they have empty expensive rooms sitting, then they think we are the suckers they can rely on to bail them out. Its a win win for them either way they go.