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A French hotelier is planning to build an 18-room luxury boutique hotel on the site of the former foam "home of the future."

The 2.5-acre parcel on U.S. 192 W is directly across from SuperTarget and includes a half-acre of submerged land on Lake Cecile. It was listed by Cole Whitiker with an asking price of $450,000.

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Nicolas Greaux, formerly of Lyon, France, said he and his parents are buying the property and plan to run the hotel as a family business. "We just sold our B&B and winery in the south of France," he told GrowthSpotter. "It was very successful. We're seeking to do the same thing here without the winery."

Greaux said his parents, Joss and Gill Greaux, arrive in the U.S. this week to finalize the terms of the sale. One issue that must be resolved by the seller before closing is a reduction or payoff of more than $100,000 in accumulated code enforcement fines on the property.

"The idea is a to do a luxury boutique hotel, but no restaurant at this point," he said. "It will be all-inclusive, 5-star service. We will have a breakfast buffet, but each suite will be a studio with a fully equipped kitchen so they can make their own breakfast. It will have its own espresso machine. All the food will be provided."

Real estate broker Francois Dionsiani represents the Greaux family and has had preliminary meetings with Osceola County planning staff to discuss potential for the project.

Greaux described the family's vision as Mediterranean-style mansion with a private beach and dock on Lake Cecile. "There will be a gazebo at the end of the dock so the guests can enjoy a glass of champagne and watch the sunset," he said.

The first phase would include 10 suites, but the facility could be expanded in the future to 26 suites. The package would include limousine service to and from the airport and even a prepaid U.S. cell phone.

"You cannot do this kind of service in a huge hotel with 300 rooms," he said. "I want to care for my clients. In the big hotels, it's a little bit impersonal. I want my clients to feel like they're at home."

Greaux said the family is considering the named"Les Suites du Lac." He hopes to open in 2016.

The Xanadu house, built in 1983, was conceived by architect Roy Mason to showcase how technology could one day transform the American household. It also demonstrated a novel construction technique: Modules of the house were made by spraying plastic foam over big balloons that were later deflated; that was cheaper and more energy-efficient than standard building methods of the day.

The kitschy attraction welcomed visitors for more than a decade. It closed in 1996 and was demolished in 2005.

Have a tip about Central Florida development? Contact me at lkinsler@GrowthSpotter.com or (407)420-6261, or tweet me at @LKinslerOGrowth. Follow GrowthSpotter on Facebook, Twitter and LinkedIn.

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