InterContinental Orlando Secures $386 Million Loan
Flag Luxury Group and Unicorp National Developments obtained construction financing for the planned 700-room hotel on International Drive.
Updated on Nov. 10, 2026 in Hotels
Flag Luxury Group and Unicorp National Developments secured a $386 million construction loan for the planned 700-room InterContinental Orlando. The four-year, floating-rate senior loan from lender Citivas Capital Group includes two one-year extension options.
Why it matters
The financing moves a large luxury hotel project in Orlando closer to construction, adding meeting and convention capacity to the city's hospitality market. It signals continued lender confidence in major hotel development along International Drive.
The $386 million loan covers a 12-story, full-service hotel with 700 rooms and 105,000 square feet of meeting and pre-function space. The four-year floating-rate loan includes two one-year extension options, and the total project cost was not disclosed.
The players
Citivas Capital Group
Citivas Capital Group is the lender that provided the $386 million senior construction loan for the hotel.
JLL Capital Markets
JLL Capital Markets is the commercial real estate capital markets unit of JLL that arranged the financing for the project.
IHG Hotels & Resorts
IHG Hotels & Resorts is the global hotel company that operates the InterContinental brand and unveiled the Orlando project.
The details
JLL Capital Markets arranged the senior construction loan with Citivas Capital Group for the hotel at 8001 International Dr. IHG Hotels & Resorts unveiled the InterContinental Orlando project in August 2024, and the property is slated to open in 2029.
Timeline
August 2024: IHG Hotels & Resorts unveiled the InterContinental Orlando project.
2028: The original planned opening year for the hotel.
2029: The hotel is scheduled to open.
Market Landscape
The 700-room project adds luxury full-service convention capacity to International Drive, one of Orlando's principal convention and hotel corridors. Its 105,000 square feet of meeting space positions it to compete for group business against existing large-format hotels in the area.
The hotel's 700 rooms and 105,000 square feet of meeting space will add capacity for visitors and event planners once open. Travelers planning Orlando convention or leisure trips may see more luxury lodging options along International Drive around 2029.
The takeaway
Large hotel projects often take several years from financing to opening, so travelers and planners should watch announced openings rather than assume near-term capacity. The InterContinental Orlando's 2029 target shows how long luxury convention hotels typically take to deliver.
Further reading
Explore more on Hotels coverage across Orlando's convention and tourism market.
