JLL Arranges $386M Construction Loan for 700-Room InterContinental Orlando

JLL has arranged a $386 million construction loan for InterContinental Orlando, a 700-room hotel planned at 8001 International Drive in Orlando. The 12-story property will exceed 900,000 square feet and sits near Universal Epic Universe, Universal Orlando Resort, Walt Disney World Resort and the Orange County Convention Center.

A JLL team led by Kevin Davis and Mark Fisher placed the four-year, floating-rate facility with Civitas for the borrowers, Flag Luxury Group and Unicorp National Developments Inc. The loan carries two one-year extension options.

The hotel will operate under the InterContinental Hotels & Resorts brand. Planned amenities include 105,000 square feet of meeting and pre-function space, several food-and-beverage venues, a conservatory, a spa, a fitness center, a lounge, a pool and structured parking.

For developers and lenders, the deal shows continued capital availability for large convention-oriented hotel projects in Orlando's tourism corridor. Anyone underwriting similar full-service hotels should note the refinancing horizon built into the four-year term.