Hotel & Hospitality Developments

  • Historic Stetson Mansion for sale

    Historic Stetson Mansion for sale

    The owners of the Historic Stetson Mansion are selling the popular tourist attraction/wedding venue.

  • Ocean City hotelier buys into Ocoee at $7M

    Ocean City hotelier buys into Ocoee at $7M

    The owner-operator of two of the largest hotels in Ocean City, Md., the Princess Bayside Beach Hotel and Princess Royale Hotel, has bought into the Greater Orlando market this week, with a $7 million purchase of Ocoee's Fairfield Inn & Suites. Located at 10791 W. Colonial Dr., the Fairfield Inn...

  • Canadian REIT pays $10M for Ocoee hotel, part of FL portfolio buy

    Canadian REIT pays $10M for Ocoee hotel, part of FL portfolio buy

    An 80-room Fairfield Inn and Suites in Ocoee that was bought for $7 million in August 2015 resold last week to a Vancouver-based real estate investment trust (REIT) for just over $10 million, a 44 percent increase for the individual seller. Located at 10971 W. Colonial Dr., the Nov. 29 sale was...

  • Investor proposes two new hotels on Phoenicia land along South I-Drive

    Investor proposes two new hotels on Phoenicia land along South I-Drive

    Port Orange-based hotel investor B.P. Sodhi filed plans Monday to develop two limited service hotels totaling 222 rooms on S. International Drive, targeting the last few undeveloped acres available from Phoenicia Development around its Orchid Bay Plaza shopping center.  Based on the east side of...

  • Historic Stetson Mansion in DeLand to hit the market this weekend

    Historic Stetson Mansion in DeLand to hit the market this weekend

    One of Florida's most historic Gilded Age mansions and top tourist attractions is on the market as of Saturday. Eleven years after they bought the Stetson Mansion and led a multi-million restoration, JT Thompson and Michael Solari are listing the mansion and wedding venue complex for $3.2 million....

  • Floridays and JV partner buy hotel site near outlet mall, seek lender & GC options

    Floridays and JV partner buy hotel site near outlet mall, seek lender & GC options

    Sarasota-based Floridays Development Co. and a Michigan-based partner paid $2.65 million on Dec. 1 for a 2.42-acre lot near Orlando Vineland Premium Outlets, where they plan to build a Holiday Inn & Suites.  The developer is now considering lenders and general contractors in anticipation of a Second...

  • AD1 Global proposes hotel trio with beach amenities, seeks flags & lender

    AD1 Global proposes hotel trio with beach amenities, seeks flags & lender

    Hollywood-based hotel owner-operator AD1 Global is proposing a trio of select service hotels totaling 429 rooms on more than 57 acres in the southwest corner of Orange County, and will seek agreements with flags and a commercial lender in the coming year, the company's president told GrowthSpotter. ...

  • Developer buys 20 acres south of OCCC for $11.5M, following hotel tower plans

    Developer buys 20 acres south of OCCC for $11.5M, following hotel tower plans

    An affiliate of South Florida developer DCS Real Estate Holdings paid $11.5 million on Nov. 30 for a 20-acre site south of the Orange County Convention Center's West Concourse, where it plans to build a convention-level hotel tower with 1,000 to 1,200 keys.  Located on the northwest corner of Westwood...

  • Roomba Inn owners expect lengthy permitting process for site redevelopment

    Roomba Inn owners expect lengthy permitting process for site redevelopment

    The owners of the Roomba Inn & Suites next to Old Town in Kissimmee expect about a nine-month review process before they can begin demolition work on the site and start building a new Hilton Home2 Suites. CTN Developments Vice President Abdul Alshoghri met last week with county planners for the...

  • New Winter Haven hotel site explored across from Legoland

    New Winter Haven hotel site explored across from Legoland

    A Birmingham hotel operator has filed preliminary plans with Polk County for a new five-story hotel across from Legoland Florida Resort. Mehendra Patidar, who owns and operates a pair of Days Inn hotels in Alabama, requested a pre-application meeting with county staff for Dec. 1 to discuss planning...

More News

  • Park Square Homes pitches luxury mixed-use development behind Magic Place

    Park Square Homes pitches luxury mixed-use development behind Magic Place

    Fast-growing Park Square Homes is eyeing a prime spot in the W192 tourist corridor for a luxury mixed-use development combining residential, retail and three hotels across 168 upland acres. The Orlando-based developer is in discussions with the owner of a 247-acre tract immediately south of the...

  • Encore adding density, smaller lots in Reunion West

    Encore adding density, smaller lots in Reunion West

    As Encore Capital Management gears up to launch the second phase of its Encore Club at Reunion Resort, the developer is tweaking the site plan to squeeze in a few more lots. Encore launched the 250-acre subdivision in the northwest quadrant of the I-4 - Western Beltway (429) interchange in 2015....

  • W192 motel across from helicopter tour business sells for $1.62M

    W192 motel across from helicopter tour business sells for $1.62M

    A pair of Chinese investors have paid $1.62 million for a 54-room hotel on Kissimmee's W192 tourist corridor. The Goldstar Inn & Suites at 4600 W. Irlo Bronson Memorial Hwy. was built in 1984. It's an exterior corridor motel with living quarters on site for the owner/manager.   The sellers, AARush...

  • Shingle Creek Resort expansion's Phase 2 delayed with new bldg & garage request

    Shingle Creek Resort expansion's Phase 2 delayed with new bldg & garage request

    Rosen Hotels & Resorts' multi-phase expansion of its Shingle Creek Resort should break ground on Phase 2 by November 2017 or sooner, after adding structured parking and a second building to the plans this week, a lead executive coordinating the project told GrowthSpotter.  The company filed a change...

  • South Florida developer has 'Orlando Gateway' 64 acres near OIA under contract

    South Florida developer has 'Orlando Gateway' 64 acres near OIA under contract

    Hollywood-based shopping center developer JBL Asset Management has 64 acres of the "Orlando Gateway" property north of Orlando International Airport under contract for $23 million, and plans to hire local brokers to help market for hotel and multifamily use in the coming months, the company's managing...

More News

  • Key Motel on W192 tourist corridor sells for $1.75M

    Key Motel on W192 tourist corridor sells for $1.75M

    Another motel has changed hands on Kissimmee's W192 tourist corridor. Magic Key Investment LLC paid $1.75 million last week for the Key Motel at 4810 W Irlo Bronson Memorial Hwy., across from a SuperTarget-anchored shopping center. The 2.66-acre tract on Lake Cecile includes a 47-room motel, built...

  • Brazilian investor buys 2nd I-Drive hotel for $26M, plans thorough renovation

    Brazilian investor buys 2nd I-Drive hotel for $26M, plans thorough renovation

    Brazilian business group Brasif, owner of the Avanti Resort on International Drive, closed a $26 million purchase on Monday for its second hotel in Orlando's tourism corridor, the 652-room International Palms Resort & Conference Center. The company will shut down the property early in First Quarter...

  • Miami developer buys South I-Drive land, plans 2 hotels w/new select service brands

    Miami developer buys South I-Drive land, plans 2 hotels w/new select service brands

    Miami-based Riviera Point Development Group paid $3.3 million on Thursday to enter Orlando's tourism corridor, buying 3.32 undeveloped acres on S. International Drive where it plans to develop two select service hotels, its founder and CEO told GrowthSpotter.  Located in the 11500 block of S. I-Drive,...

  • Sanford investor pays $15.5M for Hampton Inn near UCF

    Sanford investor pays $15.5M for Hampton Inn near UCF

    A Sanford-area investor with management history in assisted living paid $15.5 million on Wednesday for the Hampton Inn & Suites Orlando/East near UCF.  Located at 3450 Quadrangle Blvd., the 110-key Hampton Inn lies less than a half mile west of the main entrance to the University of Central Florida....

  • Local investor holds 10 acres under contract near Vineland Outlets

    Local investor holds 10 acres under contract near Vineland Outlets

    Local real estate investor and businessman Wayne J. Hilmer Sr. has nearly 10 acres under contract east of Vineland Premium Outlets, with plans to subdivide for hotel and retail developers that would capitalize on the growth along Daryl Carter Parkway, and a potential future I-4 interchange.  Located...

  • Investor pays $1M for 11 vacation rental units behind Osceola Heritage Park

    Investor pays $1M for 11 vacation rental units behind Osceola Heritage Park

    A Virginia real estate investor has paid $1 million for an 11-unit vacation rental community that backs up to Kissimmee's Osceola Heritage Park. Located at 1888 Fortune Road, the complex consists of two three-bedroom/two-bath units and nine five-bedroom/three-bath units. Built in 2001, each rental...

  • Palm Beach hotelier buys Kissimmee Springhill Suites for $16.3M

    Palm Beach hotelier buys Kissimmee Springhill Suites for $16.3M

    A Boston-area hotel company paid $16.3 million last week for a 151-room Marriott flag hotel in Kissimmee's Calypso Cay Resort. Located just off Osceola Parkway, the SpringHill Suites, which was built in 2000, is a Walt Disney World Good Neighbor Hotel.  Bijal Hospitality managing member Mahesh...

  • Roomba Inn owner awaits final approval from Hilton for W192 redevelopment

    Roomba Inn owner awaits final approval from Hilton for W192 redevelopment

    The owners of the Roomba Inn & Suites on W192 plan to demolish the 30-year-old hotel and replace it with a pair of seven-story flag hotels and a retail/entertainment center, linking the complex to the neighboring Old Town complex. The W192 Redevelopment Authority will get a look this week at the...

  • Westgate plans $61.7M capital investment in Central Florida properties in FY17

    Westgate plans $61.7M capital investment in Central Florida properties in FY17

    Westgate Resorts plans to finish construction on more timeshare towers, dining options and amenities -- including two new water parks -- at its Central Florida properties in the coming year. The total investment across 13 area properties totals $61.7 million -- a record for the company, according...

  • New W192 motel owner plans $5M renovation to fix code violations

    New W192 motel owner plans $5M renovation to fix code violations

    Considered the most-blighted hotel property on Kissimmee's W192 tourist corridor, the Toscana Suites sold Tuesday for $2.4 million, and the new owner signed a consent order pledging to clean it up in six months. Jumani Hospitality Inc., a U.S. affiliate of Pakistani-based Jumani Group, paid cash...

59°