Two new hotels are in progress next to the southern border of where Universal Orlando is building its third Central Florida theme park, Epic Universe.
The planned hotels will rise on neighboring lots just southwest of where S. John Young Parkway intersects with Destination Parkway, near where Universal’s land holding company, SLRC Holdings LLC. bought about 500 acres of undeveloped land east of I-Drive.
Hotelier Amir Dhanji is behind bringing the Fairfield Inn and Suites. The developer serves as a managing director at hospitality firm Paragon Pro Management and owns the chicken tender-focused franchise chain Huey Magoo’s, which has locations in Oviedo, Dr. Phillips and more recently the Gardens on Millenia commercial center.
He purchased the vacant 2.16-acre lot last year for $2.1 million through entity South Park Lodging LLC.
The lot was bought from an affiliate of the Orlando-based development and brokerage firm NorBridge Properties. Affiliates of NorBridge paid about $4.25 million assembling nearly a dozen acres of land across both sides of Destination Parkway in 2006. Since then, the firm has been developing or selling off the property.
Last year, Orlando South Park IV Development LLC, an affiliate of NorBridge, sold a 1.5-acre lot for $1.33 million to Destination Express Holdings LLC, an entity led by Vinod Kalidas, the developer of the neighboring Holiday Inn Express hotel.
The project has already broken ground, Kalidas told GrowthSpotter. He said he anticipates opening the hotel in next year in the summer time.