Civitas Capital Group provides $386 million construction loan for Orlando hotel
Civitas Capital Group has finalized a $386 million construction loan for a 700-room hotel project developed by Flag Luxury Group and Unicorp National Developments on Orlando’s International Drive.
Dallas-based Civitas Capital Group has issued a $386 million construction loan to support the development of a major hotel project in Orlando, Florida. The development, led by Flag Luxury Group and Unicorp National Developments, is situated on International Drive, a primary hub for the city’s hospitality and tourism industry.
The project consists of a 700-room luxury hotel operating under the InterContinental brand. Its proximity to major theme parks, including Walt Disney World and the Universal Orlando complex, highlights the ongoing expansion of tourist-focused infrastructure in Central Florida.
This financing provides the necessary capital to advance construction of the high-capacity property. The hotel is intended to cater to the sustained demand for premium accommodations in Orlando as the city continues to attract significant annual tourist traffic.
The transaction marks a significant allocation of capital by Civitas Capital Group within the hospitality real estate sector, reflecting current trends in high-value commercial development loans.