Search
 

GlobeSt.com UPDATE: Opryland Hotel Books 870 Room Nights Ahead of January Opening

ORLANDO-The 1,400-room inn, owned by Nashville, TN-based Opryland Hospitality Group, won't open for another five months, but already has bookings valued at an estimated $30 million.

By Alex Finkelstein | Updated on August 17, 2001

ORLANDO-The hospitality industry may be in a tailspin but that’s not evident at future bookings logged by the 1,400-room Opryland Hotel, still under construction and expected to open in first quarter 2001.

The hotel confirms it has booked 870,000 room nights through 2011–10 years down the road. At a daily room rate range of $250 to $450, the estimated value of those bookings could be $30 million, area brokers tell GlobeSt.com.

The location of Opryland Hotel; another 360-room Emerald Tower boutique-style hotel owned by Opryland; and an adjacent 178,000-sf convention center–all expected to open in the first quarter–are expected to be the catalyst in attracting more than an estimated $1 billion worth of new commercial, retail and hospitality ventures to the once barren southwest corner of International Drive South and Osceola Parkway in neighboring Osceola County.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.