http://air-purifiers-list.com
The new 12-story, 117,858-square-foot buildingy and parking structure will be constructed on an existinb surfaceparking lot, bringing the hotel’z total room count to 297. The 3.37-acred site at 6500 International Drive alsocontains 30,000 square feet of pre-existinhg retail space. The hotel’s current occupancy rate is 95 Neither hotel General Manager Cary Amador nor Swapnil Shahof Miami-based , the owner of the property, could be reached for comment on the project’sw cost or potential job creation. The projectf will break ground in September and be completed bysummer 2010, said Joe director of land development for Watertown, Mass.-based VHB Inc.
’s Orland office, the civil engineer on the The project architect is Orlando-based LLC. A general contractor has not beenselected yet. A request for bids on the projecf is expected to go out in Julyor August. Although the econom has slowed travelto Orlando, Kolb said the project should benefit the resort due to its locationm in Orlando’s tourist district and its proximitg to the theme parks. In Kolb said Mahudi International should have lowerdevelopmeng costs, due to an average 15-20 percent drop in the cost of construction materials. Plus, he said, “Any type of work righ now is good.
” Jan Nichols, president of Winter Park-basesd , said hotel projects face risksrightr now. “A lack of capital financingh and less travel area double-whammy for the hotel In fact, Orlando’s hotel occupancy levels fell 14 percengt for the week of May 19 compared to the same perioe last year, said Smith Travel Research, a hospitalitu industry research company. Occupancy fell to 54.9 percentf in the week endin onMay 19, and room rates droppex 10 percent year-over-year to $98.33.
Nichols said the development should delayh opening untilsummer 2011, giviny the local market time to recover from the The hotel expansion project will go befored the Orlando City Council on June 22 for approval.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment