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Riviera Point Secures Construction Financing for Dual Hotel Project

Miami-based Apollo Bank provided Riviera Point Development Group $10.7 million in construction financing for the project.

A rendering of the 98-room Tryp by Wyndham hotel. Construction on this project is expected to begin later this year. A rendering of the 98-room Tryp by Wyndham hotel. Construction on this project is expected to begin later this year.

ORLANDO, FL—Riviera Point Development Group of Miami has secured a nearly $11-million loan and is raising additional financing for its dual hotel project being built on International Drive near SeaWorld here.

Miami-based Apollo Bank provided Riviera Point Development Group $10.7 million in construction financing for the project that will involve the construction of a La Quinta Inns & Suites and Tryp by Wyndham SeaWorld hotel. The loan will help fund the $32-million construction cost of the entire 3.3-acre development located less than two miles from SeaWorld and the Orange County Convention Center.

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John Jordan

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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