With its largest Orlando hotel project just days away from opening, Carter Hospitality Group has filed plans for its next venture in the Disney tourism corridor.
The Kissimmee-based hotelier filed a Development Plan (DP) on Friday with Orange County for a new 149-key Comfort Suites in Buena Vista Park and has buyers under contract for two additional hotel pads.
Carter paid $3.5 million in late 2016 for a five-parcel assemblage totaling 6.44 acres on both sides of Ravallo Resort Drive, just off Palm Parkway. The property holds entitlements for 900 hotel keys, following a convention hotel planned for the site that failed during the recession.
The DP calls for a four-story, all-suites hotel on two of the five parcels north and west of Ravallo Resort Drive. Kimley-Horn is the project engineer, and Richard Lee Wu is the hotel architect. The plan leaves CHG with about 3.8 acres in Buena Vista Park that were listed for sale through HREC Investment Advisors.
HREC Vice President Paul Sexton told GrowthSpotter the remaining hotel pads are under contract to two different national hotel companies and both are planning select-service brands at the site. Those hotels would each have approximately 125 rooms, he said.
The hotel trio would join a bevy of new hotels in the Buena Vista Park Planned Development on Palm Parkway, including a Marriott dual-branded hotel, Aloft and Holiday Inn Express.
Carter Hospitality (CHG) is an affiliate of SGI Partners, a California-based commercial real estate investor and developer with experience in multifamily, office, self-storage, hospitality and retail. In June 2015, the company paid $4.57 million for the former America's Best Inn Main Gate East at 5150 W. Irlo Bronson Memorial Highway and North Poinciana Boulevard.
CHG has invested millions in the renovation of that hotel, which will reopen Sept. 15 as a 410-room Red Lion Orlando Lake Buena Vista South.
The latest filing appears to be the first branding agreement between CHG and Choice Hotels, which is opening several new flag hotels in the greater Orlando market.
Earlier this year, Port Orange-based hotel investor B.P. Sodhi filed plans for a new six-story Comfort Suites at 11787 International Dr. to complement the new Woodspring Suites Signature on the site.