Pioneers USA, an Orlando missionaries organization, has filed plans with the state to build a new estimated $12 million-$20 million Holiday Inn #Lake Nona Valencia College hotel on more than 6 acres it owns near Valencia College’s Lake Nona Campus and the future U.S. Tennis Association complex.
A four-story, 120-room Holiday Inn Express hotel is proposed for the land, which sits on a larger Pioneers-owned chunk of land that’s home to an existing KOA camp ground, a church and other structures. The nearly 100,000-square-foot hotel would take up 2.28 acres and may create up to 200 temporary construction jobs and nearly 100 hotel jobs.
Industry estimates would put the construction cost of a new 120-room hotel at about $101,000-$172,000 per room for mid-range to upscale hotels, or between $12 million-$20 million.
The contractor on the project is Lake Mary-based The Collage Cos., with Altamonte Springs-based Forum Architecture & Interior Design Inc. and Longwood-based Tri3 Civil Engineering Design Studios as the designer and civil engineer, respectively.
There already are several Holiday Inns and other InterContinental Hotel Group hotels near Lake Nona due to its proximity to Orlando International Airport.
This would be yet another investment near Lake Nona, which has been booming in residential, commercial and other real estate development like the USTA tennis complex and Vista Park, a new 4,400-home neighborhood in the pipe line for that area.