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McKibbon Hospitality planning new Hyatt House near Orlando Airport

McKibbon Hospitality planning new Hyatt House near Orlando Airport
Tampa-based McKibbon Hospitality is planning to build its third hotel, a Hyatt House, at Orlando Gateway just north of the airport. (Orange County Property Appraiser/staff edit)

The owner-operator of two hotels in the Orlando Gateway development on S Semoran Boulevard has filed preliminary plans for a Hyatt House to serve the airport submarket.

McKibbon Hospitality developed the neighboring Hampton Inn & Suites and the Homewood Suites on Gateway Village Circle in 2012 and 2013, respectively.

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The Tampa-based company owns 5.6 acres in the development and has filed a specific parcel master plan with City of Orlando to build a new Hyatt House hotel. The developer is also looking to split the lot into two parcels.

The brand typically caters to extended-stay business clientele, although Orlando's first Hyatt House opened last summer across from Universal Studios Resort.

The Gateway project would be McKibbon's first Hyatt House flag, but the company recently won the management contract for a new Hyatt House under construction in Chicago.

McKibbon was founded in 1938 and has developed over 100 hotels. The company's current portfolio extends across eight states and includes 80 properties -- 36 in Florida.

In greater Orlando, the company also owns and operates the downtown Orlando Aloft hotel and a Courtyard by Marriott in Maitland. Company officials could not immediately be reached.

Hollywood-based shopping center developer JBL Asset Management bought balance of the Orlando Gateway property, which is just north of the S.R. 528 Beachline Expressway,  in late 2016 for $23 million. JBL also owns and manages the retail portion of Gateway that includes Bonefish Grill, IHOP and several other national branded restaurants.

JBL has joint-ventured with multifamily developer, ContraVest, to build a 323-unit Addison-branded apartment complex on the lot immediately west of the new hotel pad.

JBL Managing Director Jacob Khotoveli is also seeking entitlements for another 700 multifamily units on another 20-acre site in the complex.

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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