Paramount Hospitality expands Portfolio with I-Drive Hotel
Orlando-based Paramount Hospitality Management is expanding its portfolio by acquiring the management services for the International Palms Resort & Conference Center.
The International Drive hotel is scheduled to close early this year for a complete renovation and rebranding. Renovations, which include remodeled guest rooms, lobby and dining facilities, are expected to be done by the fourth quarter of the year.
“This is an exciting opportunity for us to take the reins of this prominent hotel in the Orlando tourism community,” said Rod O’Connor, complex general manager at Paramount Hospitality Management. “Or plans for this extensive renovation will build on the pillars that make the hotel special to so many guests while repositioning the property as a leader in its primary competitive set.”
O’Connor, who is also the complex general manager at the Avanti Resort, will oversee renovations at the 652-room hotel.
Paramount Hospitality Management is a full-service management company that operates resorts, hotels and condos. Its eight-property portfolio includes Orlando sites like Floridays Resort Orlando and The Point Orlando Resort.
“We are extremely pleased to welcome the International Palms Resort & Conference Center to the [Paramount Hospitality] family,” said Marco Manzie, the company’s president and founder. “We see a strong future for this resort; the renovations we are making at the property will inspire both leisure and group business with dedicated facilities and amenities for both.”