The new hotel component inside Lincoln Property Co.’s $100 million Church Street Plaza tower is starting to determine how it will look.
That’s according to Scott Webb, president of Kolter Hospitality, which will own and operate the 180-room AC Marriott hotel in the tower. “We have appointed the design team and started working with Marriott on the perfect design,” he told #Orlando #Business Journal. The team includes Hunton Brady Architects, TLC Engineering for Architecture, Baskervill and Technology Research & Consulting — all from the Orlando area.
The 601,225-square-foot tower, which broke ground last August, will feature not only the AC Marriott hotel, but also 217,000 square feet of Class A office space, 7,500 square feet of ground-level retail, an integrated parking garage and a Grand Central Station-like lobby that eventually will connect to a relocated SunRail commuter rail station.
#Construction of the hotel won’t kick off until June 2019 after the tower gets its certificate of occupancy, which will allow Kolter’s teams to get inside and start work, said Webb. The company may seek contractor bids as early as the beginning of 2019, based on industry standards.
The new hotel is expected to open just before summer 2020 with a slew of amenities that should appeal to both leisure and business travelers. The hotel will offer meeting space, a gym, food services and an exterior bar on the 19th floor overlooking the city, Webb added.
The downtown Orlando market is still prime for more hotel growth, according to a study from CBRE Group Inc. That submarket is home to more than 7,000 hotel rooms and a 73 percent occupancy that has room for more inventory.
That’s good news for investors interested in the market and looking to potentially expand their footprint — something Kolter Hospitality hasn’t overlooked. “We are very committed to the Orlando market and we continue to look to expand there as opportunities present themselves through both acquisition of existing assets and development,” said Webb.