JLL has successfully arranged $386 million in construction financing for the development of the InterContinental Orlando, a luxury hotel planned for Orlando, Florida.
Details of the Financing Arrangement
The financing was secured on behalf of the project’s developer, an affiliate of the Related Group. The loan will support the construction of the new InterContinental-branded hotel, which is set to be a prominent addition to the Orlando hospitality market.
Project Overview
The InterContinental Orlando is designed to feature 526 guest rooms and suites, along with a range of amenities including multiple restaurants, a rooftop pool, a spa, and extensive meeting and event spaces. The hotel will be located within the Evermore Orlando Resort, a large-scale resort community near Walt Disney World.
Statements from Project Stakeholders
Nick Perez, president of Related’s hospitality division, stated, “This financing marks a significant milestone for the InterContinental Orlando and demonstrates strong lender confidence in the project and the Orlando market.”
JLL’s Capital Markets team, which led the financing process, included Senior Managing Director Kevin Davis, Managing Director Barnett Wu, and Director Maxx Carney. The team expressed appreciation for the opportunity to work with Related Group and noted the anticipated impact of the hotel on the region’s tourism sector.
Development Timeline and Market Context
Construction of the InterContinental Orlando is expected to begin in the coming months, with the hotel’s opening planned for 2025. The project is positioned to benefit from Orlando’s status as a leading travel destination, drawing both leisure and business travelers.
Additional Information
