New luxury hotel in the works near tourist district

ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.

French hospitality giant Accor SA and New York-based Development Ventures Group have announced plans to build a new Fairmont Hotels & Resorts-branded hotel in Central Florida.

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The new 550-room, seven-story Fairmont Orlando hotel will open in early 2025 on 30-acres “in the heart of Orlando’s entertainment district,” according to a news release, though an exact location wasn’t revealed. Development Ventures Group, known as Deven Group, will develop the property.

The development team includes Atlanta-based Smallwood Architects as the project architect; California-based SFA Design handling hotel interiors; and Toronto-based Studio Paolo Ferrari handling the restaurants’ design.

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The project cost wasn’t revealed. However, a luxury hotel of this size may cost about $425 million to build, from land to completion, based on industry estimates.

Click here to read Richard Balbao’s story on the Orlando Business Journal’s website.

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