Westgate Resorts should break ground within 45 days on a new $9 million complex for dining and retail at its Vacation Villas Resort & Spa in Kissimmee, and aims to invest $20 million in the fourth quarter on a new 172-unit building at the property, company COO Mark Waltrip told GrowthSpotter.
The company's latest expansion in Greater Orlando will be a build-out of existing un-utilized space underneath the new Shipwreck Island water park, which opened at the property in late May. Half of that water park is built on top of a concrete structure, and there's space below for up to four new restaurants and retail, Waltrip said.
General contractor on the project will be Roger B. Kennedy Inc. Missouri-based Allen W. Johnson & Assoc. serves as architect. Both are long-time collaborators on Westgate projects.
Westgate is also preparing to break ground in the fourth quarter of this year on a new building at Vacation Villas in Kissimmee, which would add 172 units to the property's 3,100 existing rooms.
Roger B. Kennedy Inc. and Allen W. Johnson & Assoc. are GC and architect on the $20 million project. Westgate expects to have the units ready within 15 months of construction start, or for Summer 2017 occupancy.
The company also opened its eighth location for Draft Sports Bar and Grill on Wednesday at the Westgate Palace Resort on Carrier Drive, located a few blocks off International Drive.
Westgate Resorts is the second largest hospitality provider in Central Florida, following Walt Disney World.
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