I-Drive Developments

  • Ohio hotel developer plans first of two hotel sites along I-Drive near SeaWorld

    Ohio hotel developer plans first of two hotel sites along I-Drive near SeaWorld

    An Ohio-based hotel development group filed plans Wednesday for its Orlando market entry, with the first of two potential hotels along International Drive on land under contract from a former SeaWorld owner.  Located at 11010 and 11104 I-Drive, south of Central Florida Parkway and partially obscured...

  • Riviera Point seeks more Orlando hotel land while building first two I-Drive assets

    Riviera Point seeks more Orlando hotel land while building first two I-Drive assets

    Miami-based Riviera Point Development Group is scouting Greater Orlando for new hotel development sites now that construction is underway on its first two along S. International Drive, drawn to build more to keep pace with a 2021 portfolio goal.  Located at 11551 I-Drive less than three miles from...

  • I-Drive restaurant sues landlord over lack of protection for contracted parking

    I-Drive restaurant sues landlord over lack of protection for contracted parking

    A leading restaurant tenant in the I-Shops shopping center along International Drive is suing landlord Unicorp National Developments, claiming the developer hasn't protected its contractually guaranteed parking spaces -- a key factor in its choice to lease some of the most expensive retail property...

  • Orange County seeks design consultant for OCCC meeting rooms revamp

    Orange County seeks design consultant for OCCC meeting rooms revamp

    The Orange County Convention Center is seeking a design consultant to help thoroughly renovate the meeting rooms of its West Building, according to a Request for Proposals (RFP) issued this week. The OCCC's West Building has meeting rooms on its first four levels that were built during expansions...

  • Brazilian restaurant chain to enter U.S. market via North I-Drive

    Brazilian restaurant chain to enter U.S. market via North I-Drive

    A popular Brazilian restaurant chain will make its U.S. market entry here in Orlando on International Drive. Marcelo Barcia will open his 12th Boteco do Manolo restaurant in the former Tilted Kilt building just north of Sand Lake Road. He signed a 10-year lease with renewable options for the second-generation...

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  • Golden Gate Capital pays $5.5M for 2nd Red Lobster-leased site on I-Drive

    Golden Gate Capital pays $5.5M for 2nd Red Lobster-leased site on I-Drive

    An affiliate of San Francisco-based private equity firm Golden Gate Capital paid more than $5.54 million on Monday for its second Red Lobster property in Orlando's tourism corridor.  The buyer was BER Real Estate Investments IV, LLC, which is registered at the main office of Bob Evans Restaurants...

  • 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...

  • 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...

  • 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. ...

  • 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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  • New fast-food Italian & Mexican brands enter Orlando market via I-Drive area

    New fast-food Italian & Mexican brands enter Orlando market via I-Drive area

    Local Cold Stone Creamery franchisees are preparing to open their own new quick-service Italian restaurant brand in the heart of International Drive.  Vijay Dattani and his brother, Bimal Dattani, own and operate seven Cold Stone locations in Greater Orlando with an eighth on the way, and their...

  • I-Drive hotel owner has prime commercial outparcel, looking for CRE broker

    I-Drive hotel owner has prime commercial outparcel, looking for CRE broker

    Tampa-area hotelier Ben Mallah is still in the market for a local CRE broker to help him "find the right fit" for an outparcel he's creating in front of the  Four Points by Sheraton Orlando on North International Drive. "Calling all brokers," Mallah told GrowthSpotter on Monday. "I don't care if...

  • Universal seeks Wet n' Wild site redevelopment for 4,000 hotel rooms

    Universal seeks Wet n' Wild site redevelopment for 4,000 hotel rooms

    Universal Orlando filed a framework master plan on Monday to redevelop its shuttered Wet 'n Wild property with up to 4,000 hotel rooms. Located at 6200 International Dr., 64.6 acres that make up the former water park property lie across nine contiguous parcels, with 23.65 acres for the water park...

  • Hilton Orlando owner buys nearby land to retain water, free up pond for infill

    Hilton Orlando owner buys nearby land to retain water, free up pond for infill

    An affiliate of RIDA Development Corp., owner of the 1,418-room Hilton Orlando on the corner of Destination Parkway and International Drive, paid $3.85 million on Friday for an adjacent six acres, where it plans to divert the hotel's stormwater retention and free up more than 2 acres on the hotel...

  • Orange County Public Schools has South I-Drive site under contract

    Orange County Public Schools has South I-Drive site under contract

    Orange County Public Schools has 20 acres under contract for a future elementary school on the southern end of International Drive, drawn to invest in the tourism corridor as a growing number of new apartments there attract and retain families.  Located in the 13000 block of South I-Drive and southeast...

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