ORLANDO-Locally based Epoch Properties Inc. and Florida Capital, joint owners and developers of Calypso Cay Resort, are going with Interstate Hotels & Resorts of Washington, DC to manage three hotels and provide selected services for timeshare units and apartments at the suburban Kissimmee, FL development near Walt Disney World. The value and length of the contract wasn’t disclosed.

“Interstate’s experience with complex resorts was a big plus in our search for an appropriate manager,” Florida Capital president Tom Selby says in a prepared statement. “Their size and related economies of scale, in addition to their strong presence in Orlando, will translate into real cost savings and other tangible benefits” for the joint development venture.

The hotels are the 151-room AmeriSuites, the 162-room Country Inn and Suites and the 148-room La Quinta which opened May 1. Calypso Cay also includes a 120-unit apartment complex and two timeshare buildings.

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.