Surging construction in southern end of The Villages prompts investment in new hotel

A new hotel will be constructed near Interstate 75 in Wildwood, thanks to the surging construction in the southern end of The Villages.

NAI Realvest recently closed on the $825,000 sale of 2.7 acres at County Road 229 and State Road 44 just east of the I-75 interchange in Wildwood.

Kevin O’Connor and Matt Cichocki, principals of NAI Realvest, brokered the transaction on behalf of the buyer, MPH Hotels Inc.

“The State Road 44 corridor between I-75 and The Villages has seen a strong surge of development activity since the expansion of The Villages to the south,” O’Connor said.     

MPH Hotels Inc., helmed by Michael P. Holtz, a hotel developer/operator based in St. Petersburg, purchased the property to build a 92-room Holiday Inn Express. Ground will be broken later this month. The hotel is scheduled to open in 2020.

Selling the property was 2511 Howell LLC of Winter Park.