Hotel & Hospitality Developments

  • Margaritaville applies for 'iconic' 50-foot tall entertainment signs on W192

    Margaritaville applies for 'iconic' 50-foot tall entertainment signs on W192

    Encore Capital Management is seeking approval for a pair of 50-foot-tall entertainment signs at two key entrances to Margaritaville Resort and the adjacent shopping center. "Iconic" and "eye-catching" was how Margaritaville Development Manager Jim Bagley described them on Thursday. He said Encore...

  • Lennar to add new section to Storey Lake on Westgate parcel

    Lennar to add new section to Storey Lake on Westgate parcel

    Lennar won approval Wednesday from Osceola County for a 95-acre expansion of its booming Storey Lake Resort in Kissimmee. Storey Lake, located at the intersection of Osceola Parkway and Vineland Road (S.R. 535), is approved for approximately 2,000 homes. The community offers condos, townhomes,...

  • South Florida developer earns MPB approval for Cambria Suites at Lake Eola

    South Florida developer earns MPB approval for Cambria Suites at Lake Eola

    A South Florida-based hotel developer planning a 155-key Cambria Suites in Downtown Orlando earned an approval recommendation Tuesday from Orlando's Municipal Planning Board, due in large part to volunteering to work closely with a neighboring historic church during construction. Located at 170...

  • Magic Development buys another 364 acres on W192 to expand luxury resort plans

    Magic Development buys another 364 acres on W192 to expand luxury resort plans

    Magic Development has just closed a deal that elevates the Orlando-based firm to the forefront of companies that are reshaping Kissimmee's W192 tourism corridor. Company executives have been hinting for months that they were working on something big. On Friday, they made good on that promise, paying...

  • AD1 pays $13M for second hotel in Kissimmee tourism corridor

    AD1 pays $13M for second hotel in Kissimmee tourism corridor

    Hollywood-based hotel owner-operator AD1 Global paid a recorded $12.9 million on Thursday for the 224-key Quality Suites Royale Parc Suites in Kissimmee, and will consider a flag change before making immediate PIP investments, a lead executive with the company told GrowthSpotter.  "We already have...

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  • NY developer buys 5 acres south of OCCC, may apply dormant hotel plan

    NY developer buys 5 acres south of OCCC, may apply dormant hotel plan

    New York-based developer and property manager Empire Equities paid $6.4 million on Tuesday for 5 acres directly south of the Orange County Convention Center, and may shift its previously approved plan for a 365-key hotel there from a Universal Boulevard site it couldn't close on last year. Based...

  • W192 board considering tax abatements to lure 4-star hotels to tourism corridor

    W192 board considering tax abatements to lure 4-star hotels to tourism corridor

    Osceola County's W192 Development Authority is considering a tax abatement program as an incentive to lure high-end hotels to Kissimmee's tourism corridor. Executive Director David Buchheit floated the idea at the authority's board meeting Thursday, and told GrowthSpotter he got the idea earlier...

  • Owner wants to reboot condo project next to Bahama Bay with townhomes

    Owner wants to reboot condo project next to Bahama Bay with townhomes

    The owner of a partially built condo community next to Davenport's Bahama Bay Resort wants to reboot the community by switching from condos to townhomes. ICM Development Group founder Carlos Balzola acquired the 24-acre parcel in the Westside Planned Development (PD) in 2012, and brought in additional...

  • Brazilian hotel group pays $2.4M for entitled site near I-Drive, plans indy flag

    Brazilian hotel group pays $2.4M for entitled site near I-Drive, plans indy flag

    An affiliate of Brazilian hotel owner-operators Grupo Atlantico paid $2.4 million on Tuesday to enter Orlando's tourism corridor, buying an entitled 2.35 acres southeast of the former Wet 'n Wild property with plans to develop an independent hotel. Located at 5871 Carrier Dr., the property was...

  • PRISA & Unicorp partner on plans for new Element hotel at I-Drive 360

    PRISA & Unicorp partner on plans for new Element hotel at I-Drive 360

    An affiliate of Puerto Rican developer PRISA Group is joint-venturing with Unicorp National Developments on a new Element by Westin hotel adjacent to the I-Drive 360 complex, with First Quarter 2018 eyed for groundbreaking and a construction lender sought, lead executives with both companies told...

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