News for the Hospitality Executive
Kite Properties Breaks Ground on 85-Room
Hampton Inn in Okeechobee, Florida
OKEECHOBEE, FL (August 13, 2008) ľKite Properties, LLC, a Vero Beach developer, broke ground recently on an 85-room Hampton Inn by Hilton in Okeechobee, Florida. The hotel fronts Florida SR 70, one half mile east of US 441. Hotel Equities, an Atlanta-based hotel development, management and consulting firm, is an equity partner in the hotel and will manage it.
Orlando-based general contractor Pinkerton and Laws will supervise construction. The construction schedule calls for a July 2009 opening.
The address of the hotel itself is 1200 NE Park Street, Okeechobee, FL 34972.
Hotel Equities (HE) is an Atlanta-based full-scale hotel management, development and consulting firm. Frederick W. Cerrone, CHA, serves as President and CEO. HE presently has 30 properties in its portfolio. For more information, visit www.hotelequities.com.
Kite Properties, LLC is a fully integrated real estate company engaged in the ownership, investment and development of hospitality properties located throughout the Southeastern United States. Keith D. Kite is the Founder and Managing Member. For more information, visit www.kitepropertiesllc.com
Margaret M. Jones
|Also See:||Gateway Hospitality Group Planning a $32 million Hampton Inn Near the Orlando (FL) Regional Medical Center / June 2008|
|Hotel-Online and BuildCentral Add/Update 105 Hotel Projects to the New Hotel Construction Projects Database / August 2008|