Rosewood Hotels & Resorts of Dallas will manage the property. Condos will be priced from $1.3 million to $2 million.
The project will be Winter Park's first hotel development in 30 years. The estimated per-room hard construction cost for a total 175 units is $400,000 per unit, the highest in recent hotel construction annals, industry estimators tell GlobeSt.com.
Fort Lauderdale developer Mark Ellert, president of Interlink Hospitality Corp., is expected to close on the property this fall if Winter Park city council approves his plans for the new Langford Resort Hotel.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.