New luxury hotel under construction near the tourist district – WFTV

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ORLANDO, Florida – Editor’s Note: This story is made available through a content partnership between WFTV and the Orlando Business Journal.

French hospitality giant Accor SA and New York-based Development Ventures Group have announced plans to build a new Fairmont Hotels & Resorts branded hotel in Central Florida.

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The new 550-room, seven-story Fairmont Orlando hotel will open in early 2025 on 30 acres “in the heart of Orlando’s entertainment district,” according to a press release, although its exact location has not been revealed . Development Ventures Group, known as Deven Group, will develop the property.

The development team includes Atlanta-based Smallwood Architects as the project architect; The Californian company SFA Design deals with hotel interiors; and Studio Paolo Ferrari, based in Toronto, which deals with restaurant design.

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The cost of the project was not disclosed. However, a luxury hotel of this size can cost around $ 425 million to build, from land to completion, according to industry estimates.

Click here to read Richard Balbao’s story on the Orlando Business Journal website.

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