The site is on the southeast corner of Osceola Parkway and International Drive South, a hot development axis. Osceola has budgeted $98.5 million for the center.
Xentury has until mid-September to work out a development contract with the county. Xentury would break ground in November and target a February 2005 opening for the convention center and a 30-story, 1,000-room hotel planned with Starwood Hotels and Resorts Worldwide Inc. of White Plains, N.Y.
The hotel would fly either a Westin or Sheraton flag. Xentury and Starwood would jointly manage the hotel. Xentury would also manage the convention center which would have 250,000 sf of usable, unobstructed exhibit area initially and 37,500 sf of meeting space.
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