Civitas Capital Group Provides $386 Million Construction Loan for InterContinental Orlando
Civitas Capital Group has announced a $386 million senior construction loan to support the development of the InterContinental Orlando. The project, led by Flag Luxury Group and Unicorp National Developments, involves constructing a 700-key luxury hotel on International Drive in Orlando, Florida. The facility will feature extensive amenities including a spa, fitness center, multiple dining outlets, and over 105,000 square feet of meeting space. The development is strategically located near major tourism hubs such as Walt Disney World and the upcoming Universal Epic Universe. This financing marks the transition from planning to active construction for what is described as a flagship property for the InterContinental brand. Site work has already commenced, with vertical construction slated for early 2027 and an expected completion date in the third quarter of 2029.
Topics: commercial real estate financing construction loan hospitality development hotel construction