Hotel & Hospitality Developments

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  • Brazilian investors pay $31.2M+ for Maitland Sheraton, bifurcate land & bldg

    Brazilian investors pay $31.2M+ for Maitland Sheraton, bifurcate land & bldg

    A Brazilian hotel-focused private equity group paid an estimated $31.2 million on Friday for the 389-key Sheraton Orlando North Hotel in Maitland, based within the 45-building Maitland Center office park, and recovered almost half of that value by bifurcating the land and building.  Located at...

  • Kettler projects $115M investment in Celebration, rapid FL expansion

    Kettler projects $115M investment in Celebration, rapid FL expansion

    Multifamily and mixed-use developer Kettler expects its planned luxury apartment community in Celebration to be the first of several deals in Central Florida as the company looks to gain a foothold in the Greater Orlando market, CEO Robert C. Kettler told GrowthSpotter.  "This development transaction...

  • Construction near for Wyndham Garden on American Way, lender unsettled

    Construction near for Wyndham Garden on American Way, lender unsettled

    Californian real estate investor Chih "John" Yuan Yu could break ground in the third quarter on a 137-key Wyndham Garden hotel set off the northern end of International Drive, and is still negotiating with lenders for much of the estimated $20 million development cost, his broker and project manager...

  • Hotel developer has 3.5 acres off I-Drive under contract, new BW GLo flag planned

    Hotel developer has 3.5 acres off I-Drive under contract, new BW GLo flag planned

    A Brazilian real estate development group with one asset near International Drive has 3.5 acres under contract for its second, and plans to introduce Best Western's new boutique midscale flag GLō to the market.  Located north of the Publix-anchored Regency Village shopping center directly east...

  • Developer assembles land on Westwood Blvd for Tru hotel partner & more

    Developer assembles land on Westwood Blvd for Tru hotel partner & more

    Orlando-based Skorman Development and Construction has 11 acres under contract on Westwood Boulevard in Orlando's tourism corridor, and will flip 4.46 acres to a hotel developer that earned initial approval Wednesday on plans for a 259-key Tru by Hilton.  Proposed for 6461 Westwood Blvd., south...

  • Schulte Hospitality pays $23.6M+ for Castle Hotel on I-Drive

    Schulte Hospitality pays $23.6M+ for Castle Hotel on I-Drive

    Louisville-based hotel owner-operator Schulte Hospitality Group paid more than $23.6 million on Tuesday to enter the Orlando market, buying the 214-key Castle Hotel in the heart of International Drive.  Located at 8629 International Dr. just south of I-Drive 360, the property lies across Universal...

  • Kissimmee land owner & broker courting hotel next to Osceola Heritage Park

    Kissimmee land owner & broker courting hotel next to Osceola Heritage Park

    A local real estate broker has been meeting with county officials to improve access issues for a 10-acre parcel on E192 in hopes of luring a hotel to the property. Watson Commercial Realty broker Rob Keeler represents the owners, Harry and Jeanette Hinkle, who purchased the vacant land through...

  • Hyatt plans new $2M+ amenity investment for Regency hotel on I-Drive

    Hyatt plans new $2M+ amenity investment for Regency hotel on I-Drive

    Hyatt Hotels Corp. is planning to invest $2 million or more later this year at the Hyatt Regency Orlando-International Drive to build a new 24-hour market, making it one of the first hotels for a new amenity being rolled out over the next few years across 160-plus Regency properties worldwide. ...

  • Elevation Development sells hotel pad near W192 & Disney for $1.8M

    Elevation Development sells hotel pad near W192 & Disney for $1.8M

    Rosemont Hotels Inc. paid $1.78 million on May 25 for a 2-acre hotel pad minutes from Walt Disney World property. The parcel on Sherberth Road in Kissimmee's W192 tourism corridor was part of an 8-acre commercial project by Elevation Development dubbed Parkview Retail Center.  GrowthSpotter reported...

  • AD1 Global has land under contract for two hotels near SeaWorld & I-Drive

    AD1 Global has land under contract for two hotels near SeaWorld & I-Drive

    Hollywood-based hotel owner-operator AD1 Global has more than 5 acres under contract southeast of SeaWorld, with early plans for a dual-brand property of 300-plus rooms, lead executives with the company told GrowthSpotter.  Based just off the southeast corner of Central Florida Parkway and International...

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  • Xenia spends $205M for Hyatt Grand Cypress Resort, plans reno & expansion

    Xenia spends $205M for Hyatt Grand Cypress Resort, plans reno & expansion

    Orlando-based Xenia Hotels & Resorts paid $205.5 million on Friday for the 815-key Hyatt Regency Grand Cypress in Lake Buena Vista, and plans a wave of renovations and long-term expansion at the property.  The deal can be interpreted as a bargain that shows the high-end hotel resale market in Greater...

  • New owner plans major renovation and rebranding of Motel 6 near Disney

    New owner plans major renovation and rebranding of Motel 6 near Disney

    The Motel 6 Kissimmee Maingate West will undergo a major renovation and be rebranded as a Rodeway Inn, a Choice Hotels economy brand, the buyer told GrowthSpotter on Friday. Delaware Hotel Group (DHG) bought the 147-room corporate-owned motel on Kissimmee's W192 tourism corridor on April 26 for...

  • Washington D.C.-based Kettler eyes Florida market entry in Celebration

    Washington D.C.-based Kettler eyes Florida market entry in Celebration

    A Washington, D.C.-area developer that specializes in multifamily mixed-use projects is eyeing its Florida market entry via Celebration. Kettler has filed a conceptual plan for an 18.4-acre commercial parcel on Celebration Boulevard, right next to Adventist Health Sytem's new $20 million skilled...

  • Tavistock selects architect for sports & performance resort in Lake Nona

    Tavistock selects architect for sports & performance resort in Lake Nona

    Tavistock Development Company has hired international firm Arquitectonica to lead the design of its planned resort hotel in the sports and performance district of Lake Nona.  Rasesh Thakkar, senior managing director of Tavistock, said Monday during a groundbreaking for KPMG's corporate training...

  • Hotel investors under contract for historic Downtown Sanford building

    Hotel investors under contract for historic Downtown Sanford building

    Private investors have a contract to buy one of Downtown Sanford's most historic buildings and want to convert it into a 120-room boutique hotel, returning it to the original use from its opening in 1925 as the Forrest Lake Hotel. Located at 1095 E. 1st St. overlooking Lake Monroe, the building...

  • Universal files more detailed PD plans for I-Drive property, shows hotel towers

    Universal files more detailed PD plans for I-Drive property, shows hotel towers

    Universal Orlando filed detailed zoning plans this week with the City of Orlando for redevelopment of its Wet n' Wild property on International Drive, showing the prospective layout and design of hotel towers that would total 4,000 guestrooms.  The company filed a Framework Planned Development...

  • Owner plans event space expansion at Renaissance hotel near SeaWorld

    Owner plans event space expansion at Renaissance hotel near SeaWorld

    California-based Sunstone Hotel Investors is planning an expansion of ballroom-area meeting space at the Renaissance Orlando at SeaWorld by nearly 40 percent of its current capacity. Located at 6677 Sea Harbor Dr., the 781-room resort lies directly across the street from SeaWorld's main theme park...

  • Homeless advocate buys Liberty Inn Motel on W192, embarks on full renovation

    Homeless advocate buys Liberty Inn Motel on W192, embarks on full renovation

    After more than two years of leasing the Liberty Inn Motel, homeless advocate George Valldejuli paid $1.45 million on Monday to buy the 40-year-old property. Valldejuli had been operating his nonprofit Home for the Homeless Foundation out of the 65-room motel, using it as transitional housing for...

  • Four Corners Bus Tour highlights booming economy, challenges from rapid growth

    Four Corners Bus Tour highlights booming economy, challenges from rapid growth

    After taking a one-year hiatus, the Osceola Kissimmee Chamber's Four Corners Bus Tour led participants through a whirlwind of new developments on Wednesday in a rapidly growing submarket. "Today we're seeing things that we were only talking about two years ago on the last tour," Four Corners Area...

  • Plan for Downtown Sanford hotel faces triad of challenges

    Plan for Downtown Sanford hotel faces triad of challenges

    John Revelle's plans to open a boutique hotel in an historic building in Downtown Sanford is a goal that has long been championed by city supporters. But if he is to deliver, he'll need to overcome several obstacles. Revelle, who lives in Maitland and formed Sanford Hotel Group LLC in February,...

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