HVS has announced the
publication of its Spring 2013
Central Florida Newsletter – A Revitalized Downtown Orlando is Taking
Co-authored by the firm’s Central Florida
Specialists, HVS Miami Vice President Donald Stephens and HVS
Valuation Associate Taylor Gray, the Newsletter reveals that Downtown
is poised to begin the next wave of new hotel development:
- The projects spotlighted in the newsletter include:
Creative Village, SunRail, Dr. Phillips Center for the Performing Arts,
the redevelopment of the Citrus Bowl, and the proposed development of a
sports and entertainment complex to be located across from the Amway
- The wheels were first set in motion in May 2006 when the
Mayor of Orlando, Buddy Dyer, unveiled his strategic plan to county
officials and other stakeholders to revitalize Downtown Orlando by
developing a roughly $1.1 billion public-private investment in
establishing three state-of-the-art community venues (Amway Center, Dr.
Phillips Center for the Performing Arts, and the redevelopment of the
Citrus Bowl). The Amway Center represented the first of these
public-private partnerships and has served as a catalyst for the new
downtown development projects indicated above, that were publicly
announced, revived, or gained prominence in the past year.
- Additionally, there are various hotel developments in the
greater Downtown Orlando area, including the Aloft Hotel in Downtown
Orlando, The Alfond at Rollins College, and the proposed Hampton Inn
& Suites at Orlando Regional Medical Center (ORMC) . With tourism
on the rise and a flurry of major development projects currently
underway, developers are set to open a series of new hotels that will
capitalize on the redevelopment of Downtown Orlando and the influx of
new businesses and residents that will be attracted to the area.
- And , buoyed by improved hotel operating performance,
favorable financing terms, and some financially troubled properties
coming to market at significant discounts, hotel transaction activity
witnessed a rise in sales volume by 47% across the Central Florida
region in 2012.
For a complimentary copy of the Spring 2013
Newsletter, “A Revitalized Downtown Orlando is Taking Shape” click
is the world’s leading consulting and services organization focused on
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Established in 1980, the company performs more than 2,000 assignments
for virtually every major industry participant. HVS principals are
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