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Hotels & Hospitality Development News in Central Florida

Developer floats hotel-ready parcel for sale on S. I-Drive near SeaWorld

By Bob Moser
Growthspotter
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Highlighted in blue in the lower right, the three parcels where two hotels and a Dayclub pool are being planned, which lie southeast of Seaworld property.

Highlighted in blue in the lower right, the three parcels where two hotels and a Dayclub pool are being planned, which lie southeast of Seaworld property. (Orange County Property Appraiser)

A Sanford-based hotel developer with plans for two select service hotels southeast of SeaWorld is floating the second hotel parcel for sale, asking $3.77 million for 2.8 acres.

GrowthSpotter first reported on Dec. 14 that developer Matthew Gillio and Vancouver-based developer Don Fuller are proposing neighboring hotels that total 315 rooms across two parcels, which combine for 5.18 acres, southeast of the International Drive-Central Florida Parkway intersection.

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A third contiguous parcel to the south (3.41 acres) has been sold to Nicholas Virthe, former owner of downtown's Senso Supperclub, where he's planning a Las Vegas-style dayclub swimming pool for adults.

The northernmost parcel now being floated for sale, with direct access on Central Florida Parkway, was being proposed for up to 175 rooms and 13,203 square feet.

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Mike Charron, commercial broker with Real Property Specialists, Inc., representing the parcel listing, told GrowthSpotter that Gillio is considering "a couple different options to sell or develop" the hotel parcels, and would be open to selling one or both.

Gillio did not respond to requests for comment.

The middle parcel has been set since July 2015 for a 140-room Cambria Suites, which will be at least five stories and 17,574 square feet overall. Gillio previously said he's working to complete a capital stack so he and Fuller can move forward with construction drawings on the Cambria Suites.

At 8.59 acres for all three parcels, the property is within walking distance of SeaWorld, and has access and signage rights on both Central Florida Parkway and I-Drive. Utilities and offsite retention have been lined up for the developments.

The entire property had been bought in September 2005 for $3.2 million by an affiliate LLC of Gillio's, planned at the time for the timeshare project Bella Casa Resort.  The property is already zoned to allow for hospitality and the dayclub pool attraction.

Have a tip about Central Florida development? Contact me at bmoser@growthspotter.com, (407) 420-5685 or @bobmoser333. Follow GrowthSpotter on Facebook, Twitter and LinkedIn.

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