Hotel & Hospitality Developments

  • Chicago investor pays $6M for 26-acre resort on W192

    Chicago investor pays $6M for 26-acre resort on W192

    Chicago real estate investor Rob Jarvis paid $6 million last week for the Champions World Resort on Kissimmee's W192 tourism corridor, and is eyeing more assets in the Orlando market. The resort property sits on 26 acres west of the S.R. 429 Beltway and consists of multiple 1970s-era, two-story...

  • Alabama hotelier to break ground in April on new Home2 Suites near airport

    Alabama hotelier to break ground in April on new Home2 Suites near airport

    An Alabama hotel company that's opening three new hotels in Orlando's tourism corridor is gearing up to break ground on a fourth property near Orlando International Airport. Fast-growing LBA Properties, based in Dothan, has filed construction plans with the St. Johns River Water Management District...

  • St. Cloud seeking millions from state for downtown redevelopment projects

    St. Cloud seeking millions from state for downtown redevelopment projects

    St. Cloud City Manager Joe Helfenberger said the city is seeking millions in state funds to launch an ambitious downtown redevelopment that includes new infrastructure and the first phase of Centennial Park. Helfenberger said the city wants to convert two of its main historic brick streets -- New...

  • Miami developer named for Tru Hotel project on Westwood, south of OCCC

    Miami developer named for Tru Hotel project on Westwood, south of OCCC

    Miami-based Epelboim Development Group has produced plans for an eight-story, 259-key Tru by Hilton hotel south of the Orange County Convention Center, with the land under contract and potentially more to come.  Proposed for 6461 Westwood Blvd., the company has 4.46 acres of the parcel under contract...

  • Elevation Development advancing Parkview project on W192

    Elevation Development advancing Parkview project on W192

    Orlando-based Elevation Development has started clearing land for the first phase of its Parkview retail project on Kissimmee's W192 tourist corridor and may have found a buyer for the 120-room hotel pad slated for Phase 2. Elevation CEO Owais Khanani told GrowthSpotter the firm is in negotiations...

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  • NJ-based investor pays $10M for hotel on Universal Blvd, third in tourism corridor

    NJ-based investor pays $10M for hotel on Universal Blvd, third in tourism corridor

    New Jersey-based owner-operator Pinnacle Hospitality Group LLC paid $10 million on Wednesday in an off-market deal for its third hotel in Orlando's tourist corridor, and may free up more capital for local acquisitions this year, managing members with the company told GrowthSpotter.  Located at...

  • New buildings planned at Disney World's Caribbean Beach Resort

    New buildings planned at Disney World's Caribbean Beach Resort

    Walt Disney Parks and Resorts is pursuing stormwater management permits that would support a new series of hotel or timeshare buildings at its Caribbean Beach Resort. Disney filed a permit application on Jan. 17 with the South Florida Water Management District for "Project 88/Caribbean Beach,"...

  • Boca Raton developer buys site near Orlando airport, plans hotel & fuel station

    Boca Raton developer buys site near Orlando airport, plans hotel & fuel station

    Boca Raton-based developer Hardial Sibia and family members paid $2.2 million earlier this month to enter the Orlando market, buying land northeast of Orlando International Airport with a future hotel and fuel station in mind.  Sibia's affiliate HDRS LLC bought an estimated 5-acre portion of the...

  • Park Square's Gupta & son pursue hotel plans in Seminole, Polk counties

    Park Square's Gupta & son pursue hotel plans in Seminole, Polk counties

    Lead executives with Orlando-based Park Square Homes continue pushing the company to diversify away from its single-family legacy, with two new hotel developments in Seminole and Polk counties a focus of the next few months.  Vishaal Gupta and father Suresh Gupta, principals with Park Square, have...

  • Hotel on Kissimmee's W192 tourist corridor sells for $4.3M

    Hotel on Kissimmee's W192 tourist corridor sells for $4.3M

    The list of hotel sales on Kissimmee's tourism corridor continues to grow with the recent sale of the Comfort Inn on W192 for $4.3 million. The 4-story, interior corridor hotel sits on 1.4 acres at 5196 W. Irlo Bronson Memorial Hwy. Built in 2000, it has 63 rooms and previously operated as a Best...

  • New Legoland-area hotel to be built in 2017, first of two w/retail center

    New Legoland-area hotel to be built in 2017, first of two w/retail center

    Jacksonville-based developer Murphco of Florida is planning two new hotels and a shopping center on Winter Haven's Cypress Gardens Parkway, right across from Legoland Florida. The family-run business has filed construction plans with the city and Southwest Florida Water Management District for...

  • Caravan Court hotel owner seeks GC for $1.2M renovation of final 40 rooms

    Caravan Court hotel owner seeks GC for $1.2M renovation of final 40 rooms

    The owner of a Clarion Inn & Suites east of Universal Orlando is seeking a general contractor within the next 30 days to finish a property makeover that begin in 2014, but has been stalled for a year due to damage caused by an FDOT-hired contractor for the I-4 Ultimate expansion. Located at 5827...

  • Chicago investor pays $24M for Holiday Inn near Disney Springs

    Chicago investor pays $24M for Holiday Inn near Disney Springs

    Chicago-based GEM Realty Capital paid at least $24 million on Dec. 8 for the 323-key Holiday Inn Orlando-Disney Springs, doubling down on the Lake Buena Vista submarket after buying the nearby Hilton Orlando Buena Vista Palace last year for $96 million. Located at 1805 Hotel Plaza Blvd., the Holiday...

  • New owners working to renovate, reopen W192's Toscana Suites as branded hotels

    New owners working to renovate, reopen W192's Toscana Suites as branded hotels

    After sitting vacant for years, the Toscana Suites is the kind of property most investors run away from -- the very definition of blight on Kissimmee's W192 tourist corridor. It was virtually gutted, overgrown and filled with trash, a haven for squatters, and was on the verge of racking up $1,500...

  • 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.

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  • 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...

  • 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...

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