It’s taken a little longer than initially thought, but the Flamingo Crossings Town Center development outside Walt Disney World’s western entrance, off Hwy 429 north of Hwy 192, is finally gaining some momentum. A $140 million financing deal to build four new hotels was just announced.
The four hotels will include a 223-room Residence Inn by Marriott, a 273-room Fairfield Inn by Marriott, a 229-room Homewood Suites by Hilton, and a 272-room Home 2 Suites by Hilton. The deal involves financing from HALL Structured Finance (HSF) and the project is being developed by Doradus Partners. All four projects are expected to be completed inthe fourth quarter of 2020
“These four new hotel developments will offer something for every traveler, with both a mix of regular and extended-stay products, presenting exciting new lodging options for visitors to the area,” said Mike Jaynes, president of HSF. “Marriott and Hilton’s strong loyalty programs, coupled with the strength of the development team and unbeatable location just west of Walt Disney World, made this an ideal project for our loan program. We look forward to seeing construction continue to progress.”
“We are extremely excited to be bringing a very unique hospitality offering at Flamingo Crossings Town Center. The combination of this fantastic location, well known and established flags, enhanced amenities and high-quality construction will make for a first-class experience for our guests who are seeking a value-based lodging experience near one of main entrances to the Walt Disney World Resort,” said Srinath Yedla, founding principal of Doradus Partners and CEO of Yedla Management Company which will manage the property upon opening
Flamingo Crossings Town Center is a new master-planned development that includes hotels, retail, dining and housing for students participating in Disney Internships and College Programs. At the heart of the mixed-use project will be an approximately 200,000-square-foot retail hub anticipated to consist of a compelling mix of over 50 new offerings and more than 1,700 parking spaces.
The four new hotels will share a five-story parking garage, surface parking and a sports court. Disney theme parks guests can organize their Disney experience at a nearby Disney Planning Center located at select hotels in Flamingo Crossings Town Center. The four hotels will also be bookable as part of Walt Disney Travel Company packages.
Two hotels are already open in Flamingo Crossings and are a popular destination for sports, dance, and cheer teams who are competing at ESPN Wide World of Sports.