A Townplace Suites by Marriott and a Homewood Suites by Hilton are set to rise on side-by-side sites along Boggy Creek Road near the Orlando International Airport and the Osceola County line, just outside the boundaries of Lake Nona.
A land development plan submitted to Orange County in December shows the two six-story hotels emerging within Ralph Singleton’s 80-acre Tyson Ranch planned development north of Simpson Road.
The Townplace Suites would cover 87,300 square feet on the west side of a 15.3-acre tract with 120 rooms. The Homewood Suites will be slightly bigger to the east, spanning 112,000 square feet in an L-shape with 130 rooms, according to plans drafted by Z Development Services.
Both hotels offer a similar product for their respective brands: apartment-style extended-stay concepts with full kitchens.
The Lake Nona area is one of the most sought-after submarkets in the Greater Orlando area for hotel development, said Paul Sexton, the vice president of HREC who specializes in hotel real estate.
The problem, however, has been that good hotel sites are hard to come by for outside investors since Tavistock Development Company controls most of the land, roughly 11,000 acres, in Lake Nona.
“As such, hotel investors have had to nibble around the edges of the submarket,” Sexton said.
Tavistock also built the dual-branded 203-room Marriott Courtyard & Residence Inn Orlando located at 6955 Lake Nona Blvd.
The developer has started construction on the 205-room six-story Aloft Lake Nona, part of Marriott Bonvoy’s brand portfolio. That’s expected to open this fall on land just north of S.R. 417 and next to Drive Shack.
The only other hotel project to appear in recent years within the Lake Nona submarket that Tavistock didn’t develop is the 120-room Holiday Inn Express & Suites off Narcossee Road, which opened in 2018. That was developed by Pioneers USA, an Orlando-based missionary organization.
Sexton said the selection of two extended stay brands is “a good choice given market dynamics and given the success of the SpringHill Suites located just up the street from the site.”
“Kudos to the developers of the Townplace/Homewood Suites site for their efforts in identifying the site for hotel development,” he added. “The site is proximate to “downtown” Lake Nona — in particular to the parcel on which Disney has proposed building their new Imagineering headquarters building.”
Lake Nona consistently appears on RCLO’s annual list of top-selling master-planned communities in the country.
With 406 home sales in 2022, the community currently ranks 37th.
There are currently eight Townplace Suites by Marriott in the greater Orlando area, including a location downtown, four in the tourism district, and one in Seminole County’s Altamonte Springs. The others are positioned near UCF’s campus in East Orlando and near the Orlando International Airport.
There are also eight Homewood Suites by Hilton in the greater Orlando area, with five near Disney and Universal theme parks. There’s one in Maitland, one near UCF, and another by the airport.
Hilton and Marriott are the two largest hospitality brands in the world.
Marriott International, Inc., based in Bethesda, Maryland, encompasses a portfolio of nearly 8,200 properties under 30 leading brands spanning 138 countries and territories. There are more than 470 Townplace Suites properties across the United States and Canada.
The Townplace Suites brand features a laid-back modern design characterized by personal touches and playful details, allowing guests to live uninterrupted, according to its website.
“Offering studio, one-bedroom and two-bedroom suites with fully equipped kitchens, and organized closet units from The Container Store, the brand provides thoughtful spaces for both living and working,” the website says.
Hilton, based in Virginia, has more than 7,000 properties in 123 counties across 18 brands. Hilton’s upscale, all-suite, extended-stay hotel brand, Homewood Suites, has more than 530 pet-friendly locations across the U.S., Mexico, Canada and the Caribbean, with more than 115 properties in the pipeline, according to its website.
“Homewood Suites by Hilton offers inviting, generous-sized suites featuring separate living and sleeping areas, and fully equipped kitchens with full-size refrigerators for guests seeking home-like accommodations when traveling for extended or quick overnight stays,” the website says.
Hotel rooms have been envisioned for Tyson Ranch since Singleton purchased the property in 2012 for $5.15 million. The land had been previously used for the past 100 years for agricultural purposes. In 2015, Singleton unveiled intentions to transform the space into a mixed-use development.
In addition to the 250 hotel rooms, Tyson Ranch is entitled for 330 townhomes, 350 apartment units, and more than 187,000 square feet of commercial, storage and office space about a mile south of the airport’s boundary.
In 2020, a Preliminary Subdivision Plan application filed in Orange County unveiled plans by M/I Homes to build 320, two-story townhomes on about 36 acres of Singleton’s Tyson Ranch land. These are under construction, according to a YouTube video posted by the home builder.
In April, Singleton submitted an application seeking to expand the boundary of Tyson Ranch another 8.4 acres to the north in order to allow for the construction of a second multifamily community.
A request to rezone that parcel from A-1 to PD is pending approval by the county.
For this project, Singleton is also seeking a waiver from the county to allow the residential buildings to rise five stories instead of three stories.
This area of Boggy Creek Road is experiencing a surge in development activity.
Just south of the hotel site, Miami-based Royal Palm Companies is under contract to take over a 17.7-acre assemblage on the north side of Simpson Road in order to build a 360-unit apartment community.
On the opposite side of Boggy Creek Road, land investors Jim Dowd and Daryl Carter are getting ready to hand off some of the 22 acres they own to a Texas-based developer with plans to build two separate multifamily projects totaling 638 units.