Urban Commons Unveils World’s Largest Holiday Inn Resort
- Jun 28, 2019
Urban Commons has completed a $27.5 million renovation on the former Nickelodeon Suites Resort in Orlando, Fla., rebranding it as the Holiday Inn Resort Orlando Suites and Waterpark.
The renovation included upgrades to all areas of the hotel, including the guestrooms, lobby, café, lounge, meeting rooms and restrooms. It also made detailed changes to the waterpark and food and beverage facilities. Following these upgrades, the property has become the world’s largest Holiday Inn Resort.
Urban Commons acquired the property in 2014 and immediately made plans for the transformation. The 24-acre resort offers 777 suites on six floors. The noteworthy Lagoon Waterpark boasts seven slides, a splash zone, kids’ play area, a four-story water tower, a 400-gallon water dump tank, interactive water toys and a nine-hole miniature golf course.
Among the new food offerings are the Club Candy, a colorful sweet escape featuring treats and drinks; The Hideaway Lounge, a sleek full-service bar offering appetizers and snacks; Hershey’s Ice Cream, a parlor serving hand-dipped ice cream and fresh-brewed coffee, and a Subway.
The Holiday Inn Resort Orlando Suites and Waterpark is conveniently located, offering easy access to all Orlando has to offer. It’s less than a five-minute drive to the Walt Disney World Resort and is nearby Universal Orlando Resort, SeaWorld, Legoland Florida Resort, Disney Springs, Disney’s Hollywood Studios and Universal CityWalk.
Last year, the Orlando area saw another record for visitors, becoming the first-ever U.S. destination to surpass 70 million tourists in back-to-back years.
According to Marcus & Millichap’s latest hospitality report, the metro is seeing a 4 to 6 percent gain in guestroom count, based on approximately 7,000 guestrooms under construction as of mid-year. Additionally, occupancy remains strong, with increases in basis points and RevPAR. That’s spurred a boom in hotel resort activity of late.
In December, a joint venture between funds managed by Trinity Real Estate Investments LLC and funds managed by Elliott Management Corp. acquired the 409-acre Grande Lakes Orlando Resort. The luxury complex features two hotels, including a 582-key Ritz-Carlton and a 998-key JW Marriott, and a Greg Norman–designed 18-hole championship-caliber golf course.