Choice Hotels International, Inc. (NYSE: CHH) signed an agreement with Stratus Development Partners, LLC to develop a new Cambria hotel in Orlando, Fla. The eight-story, 153-room Cambria property will be located at 170 E. Washington St.
The Cambria Hotel Orlando is scheduled to open in 2020, and will offer guests a new upscale lodging option in the heart of the city. The property will feature a resort pool and patio lounge area, more than 4,500 square feet of multi-function meeting space and state-of-the-art fitness center. The hotel will also include contemporary on-site dining with a menu comprised of area specialties, signature cocktails, and local craft beers, as well as freshly prepared grab-and-go gourmet salads and sandwiches.
Situated in the heart of downtown Orlando and its central business district overlooking Lake Eola, the hotel is in close proximity to 150 international companies, as well as the Lynx Central Station, the Amway Center, University of Central Florida, the Florida Citrus Bowl Stadium, Walt Disney World, and the Bob Carr Performing Arts Center.
"The Cambria Hotel Orlando will cater to the modern traveler, with its upscale amenities and prime location. Orlandowelcomed 57 million visitors last year, making it the perfect city for our growing portfolio," said Mark Shalala, vice president, development, upscale brands at Choice Hotels. "We look forward to working with Stratus Development Partners and HB Capital Group on this exciting project."
HB Capital Group, LLC is a diversified real estate owner, investor and developer. Stratus Development Partners, LLC is a full-service real estate firm specializing in innovative developments with over 18 years of experience. This is the third time Choice Hotels and Stratus Development Partners have collaborated to open Cambria properties following recent agreements in Sonoma County and Napa, Calif.
"We are thrilled to collaborate with Choice Hotels on this project," said Steven Hurowitz, CEO of HB Capital Group. "Working with Stratus Development Partners and an exceptional and growing brand, like Cambria Hotels, is the perfect scenario to bring this property to fruition. We look forward to providing guests with an upscale and local experience when visiting Orlando."
"We're excited to once again have the opportunity to work with Choice Hotels and bring another great and vibrant Cambria hotel to a major U.S. market," said Andrew Wood of Stratus Development Partners. "Orlando is one of the fastest growing cities in Florida, and we cannot wait to be a part of this flourishing community and offer guests a new hotel where they can treat themselves on the road."
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