Hollywood-based hotel owner-operator AD1 Global has flags lined up for a trio of select service hotels proposed on 57-plus acres in southwest Orange County near Four Corners, and will seek a general contractor and lender in the coming months, a lead executive with the company told GrowthSpotter.
The developer filed a preliminary site plan in early December with Orange County for three seven-story hotels with about 145 rooms each (429 total), and a shared water park. The property lies at 17509 Bali Blvd., northwest of the Avalon Road intersection and 7.7 miles west of Disney's Animal Kingdom.
While they have yet to file a formal Development Plan, AD1 earned a recommendation on Wednesday from the Development Review Committee to convert 300 timeshare units into 500 hotel rooms within the Cassis Development PD, and have five waivers from county code. The request goes before County Commissioners next.
The developer will work in the coming months to file that DP and construction plans, with an eye to start mass grading in First Quarter 2018, said Alex Fridzon, chief financial officer.
Projected as a $70 million investment, AD1 would develop and own the three hotels and amenity center itself, but may also pursue subdividing the property into four lots to facilitate future sale options, he added.
The group has Holiday Inn Express and Staybridge Suites approved as flags from IHG, and Four Points by Sheraton near approval by Marriott International as the third flag, Fridzon said.
The properties would benefit from back-of-house synergies, and share amenities that could include a multipurpose grass field, outdoor restaurant, clubhouse, "FlowRider" surf machine, lazy river, splash zone, swimming pool with water falls, spas, a tiki bar, waterslide tower, zip line, and a beach area and volleyball court that fronts a man-made lake.