Hotel proposed for Downtown Orlando

'O and C Hotel' would be on Colonial Drive, Orange Avenue

Published On: May 16 2012 05:59:28 PM EDT   Updated On: May 16 2012 08:59:25 PM EDT

Downtown Orlando's hotel business is booming but there's concerns over whether or not there's enough people to fill up all the new hotels.

Orlando's Municipal Planning Board just approved a new 110,000 square foot hotel to be built near the corner of Colonial Drive and Orange Avenue near downtown.

The so-called "O and C Hotel" will have more than 135 room as well as business, office and retail space.
O and C will now be the third hotel proposed for downtown. A 155-room Cambria Suites has been proposed for the corner of Rosalind and Washington. A 120-room Starwood Aloft has been proposed to fill the space of the old Orlando Utilities Commission building near City Hall

Business owners near the proposed hotel sites like the idea of the hotels.

"It's just going to bring in more business," said New York Deli owner Sandi Burgess.
Burgess operates a business right next to the proposed O and C Hotel. She says business in the area is booming. In the last year and a half Burgess says she's gone from serving 100 people a day to nearly 250.

"Huge, huge, loving it," said Burgess.

Other residents though are concerned that the new hotels may soon become just as empty as the vacated buildings they're replacing.

Current occupancy rates from the City of Orlando show that downtown Orlando hotels currently have an occupancy rate of around 66 percent, which is several points below the Metro Orlando average.

When you add in the 400-plus rooms from the new hotels, that average occupancy drops to 52 percent.