The owners of the Quality Inn & Suites by the Parks sold the hotel last week to a Japanese company to focus on developing an independent boutique hotel across the street.
Rosemont Hotels acquired the Choice branded hotel in 2014 for $4 million and sold it to Sarasa Hotels for $10.55 million. Built in 1989, the hotel has 114 rooms and is located at 2945 Entry Point Blvd., just off U.S. 192.
Rosemont received a building permit in 2019 and has commenced construction on the 6-story Ette Hotel - a new brand created by the Canadian company that stands for “earthy, true, timeless, elegant.”
President Alex Ekbatani previously said the new $30 million hotel would have a 116 standard king and queen guest rooms and 10 suites with valet service, a full restaurant and 24-hour room service, a spa, fitness center, theater room, kids’ lounge and elegant rooftop lounge. The family-friendly hotel will not serve alcohol but will have an extensive menu of “mocktails.”
Ekbatani will personally manage the new hotel.
The Kissimmee hotel sale was the third hospitality asset – and second Quality Inn – to change hands in Osceola County since the onset of the coronavirus pandemic.