ORLANDO, Fla. — Palm Holdings has acquired a full-service Holiday Inn serving the Orlando and Celebration area, it was announced April 20.
Located at 5711 West Irlo Bronson Memorial Highway, in Kissimmee, the property is 2.5 miles from Walt Disney World Resort and is close to Orlando International Airport and downtown Orlando.
The hotel offers 444 guestrooms, a restaurant and lounge, over 4,000 square feet of conference and event space, fitness centre, business center, outdoor pool, kids pool and whirlpool, in addition to free transportation to theme parks.
“The Holiday Inn Orlando SW is an ideal acquisition for us,” said Rajan Taneja, SVP of Palm Holdings, in a release. “It is in the heart of Orlando's world-class attractions, which are always growing and offering new opportunities for guests. This gives us a launching pad to grow in the Central Florida hospitality space. We continue to look for outstanding properties, not only in Orlando, but across Florida.”
The acquisition gives Palm Holdings a total of 750 rooms under ownership and management in Florida, with 12 properties around the world.
Palm Holdings sought the acquisition because of the hotel's location and access to the many area developments underway. The company is looking to continue to invest and grow its hotel portfolio in the Central Florida market because of the evolution of the area's attractions, such as the construction of a new Universal Orlando water park, Volcano Bay.
In addition, the Holiday Inn Orlando SW will house the company's Florida corporate office. Palm Holdings also has offices in Toronto and London. In addition, Palm Holdings owns and manages the Inn at Calypso Cay – Lake Buena Vista South, which will open as the new Holiday Inn Express & Suites in fall.