I-Drive to land region’s first InterContinental luxury hotel [Central Florida]/a>
A Fort Lauderdale developer announced plans Wednesday to build a 1,260-room InterContinental hotel on Lake Bryan about four miles from the Orange County Convention Center.
The luxury hotel, which would be the largest InterContinental in the world and the first in Orlando, will be called Palazzo del Lago. Hospitality Development Group, the developer, plans to begin construction this fall.
The 14-story hotel is expected to open in early 2009 at a cost of $800 million. The resort also would contain 994 units in five 18-story towers called the Villas at Palazzo del Lago, condominiums with prices starting at more than $300,000.