In Brief: The InterContinental Orlando project has secured a $386 million construction loan, enabling the advancement of a significant new full-service hotel development in the Orlando market.
-
Rendering of InterContinental Orlando within Orlando’s tourism corridor.
Civitas Capital Group has provided a $386 million senior construction loan for the planned 700-room InterContinental Orlando at 8001 International Drive.
The financing was provided to Flag Luxury Group and Unicorp National Developments Inc. to construct the InterContinental Orlando in Orlando’s International Drive tourism corridor, three miles from Universal Epic Universe and minutes from Walt Disney World and Universal Orlando.
The hotel is planned to include 700 guest rooms averaging approximately 471 square feet, including 33 junior suites, 50 suites and five VIP and presidential suites.
Plans call for approximately 105,000 square feet of meeting and pre-function space, multiple food and beverage outlets, a business center and a Club InterContinental lounge. The hotel is also planned to include a conservatory, spa, wellness facility, fitness center, pool and a six-level parking garage with approximately 730 spaces.
Site work is underway. Vertical construction is expected to begin in the first quarter of 2027, with completion expected in the third quarter of 2029.
FINFROCK will serve as general contractor. The Florida-based design-build firm has completed more than $350 million in projects with the project sponsors and has worked on the 2,800-room Endless Summer Resort at Universal Orlando and Terra Luna Resort adjacent to Universal Epic Universe.
JLL Hotels & Hospitality Group advised Flag and Unicorp on the financing transaction.