Investing in the hospitality, hotel, retail industry in the Southeastern United States, Orlando, Atlanta, have never been so lucrative.
Demand for apartments in the Orlando metro area is at a post-recession high, due to accelerated job growth,” said Chip Tatum, executive vice president and CEO of the Apartment Association of Greater Orlando, in a prepared statement. “Additionally, this city attracts many younger workers, who are more likely to rent apartments. The rental boon -— both locally and nationally -— has been fueled by demographic changes like the growing millennial population and a rediscovery of metropolitan urban cores.”
The Hospitality industry is growing faster than ever and recent studies show in the next decade it is expected to Boom! The hospitality business relies on the ability to achieve superior ratings from clients and guests. The guest experience relies on the contraction and interior design for their success.
With the expansion of the new International Drive project, Disney’s Animal Kingdom, LegoLand Resort, Universal Studio’s Wizzarding World of Harry Potter, Walt Disney World’s Magic Kingdom and the rumor of Disney opening a 5th theme park, this year will be a time of redevelopment and growth for the hotel and lodging industry.
Orlando’s hotel industry leaders are predicting an increase of over 3 percent from the occupancy rate in 2015. “This destination continues to position itself as the best destination in the United States,”said Richard Maladecki, president of the Central Florida Hotel and Lodging Association, “When we have 60 million visitors to our destination, a 3 percent bump is obviously a significant increase in visitation.”
“New development means that older lodging properties must maintain their commitment to reinvesting,” said Richard Maladecki, president of the Central Florida Hotel and Lodging Association. going on to say it’s will be imperative for existing properties to renovate, stay fresh and keep up with new construction.
Though all buildings have roofs, walls and flooring, they aren’t all created equal. The details, installation and materials make all the difference. At SWET Construction Group we value our customers and minimize any surprises by continually working behind the scenes, foreseeing any problems and resolving them before they become big problems.
With over 66 years of combined experience, we build trusting relationships with our clients as well as our network of suppliers. Give SWET Construction Group the opportunity to show how we can increase your profits.
Contact SWET Construction Group for your next project.