Major Redevelopment Near Disney Signals Strong Long-Term Growth for Investors & Vacation Home Owners

One of the most significant development announcements in Central Florida just became official and it’s happening right in the heart of the Disney tourism corridor.

South Florida–based developer Accesso, in partnership with Meyers Group, has officially closed on a $70+ million land acquisition for Ovation Orlando, a massive new mixed-use entertainment district planned just one mile east of Walt Disney World, at the northeast corner of Interstate 4 and U.S. 192.

The site — formerly home to the long-abandoned Orlando Sun resort has been one of Osceola County’s most visible eyesores for decades. That’s about to change.

Demolition is expected to begin within weeks, with full construction targeted for early 2026.

🏗️ What Is Ovation Orlando?

Ovation Orlando is a $1 billion destination-style entertainment district designed to attract both tourists and local residents year-round.

Once complete, the project will feature:

• 670,000+ square feet of experiential retail & dining

• 740 hotel rooms across three hotels, including a 4-star, full-service flagship hotel

• Upscale and new-to-market brands

• Live entertainment, nightlife, music venues, comedy, bowling & themed attractions

• Walkable green spaces and lifestyle amenities

• Condos and hotel pads currently being offered for sale

This is not a strip mall or seasonal attraction,  it’s a long-term tourism anchor.

🎡 Five Distinct Entertainment Zones

Ovation Orlando will be divided into five themed zones, each designed to create a different guest experience:

1. The Celebration, Walkable retail, dining & family-friendly entertainment with green spaces

2. The Water’s Edge, Waterfront dining along a three-acre lake

3. The Indulgence,  A sophisticated hub featuring a signature hotel

4. The Street,  High-energy retail & entertainment inspired by Times Square

5. The Beat,  Music-driven nightlife, late-night venues & themed clubs

According to the development team, leasing momentum is already strong, with many spaces pre-committed.

📍 Why This Location Matters (Especially for Investors)

This project sits at one of the most strategic intersections in the entire U.S. tourism market:

• Directly on I-4, with a full interchange

• Across from Celebration

• One mile from Disney

• On what developers describe as “the most successful retail quarter-mile of highway in America”

Osceola County has backed the project heavily, approving:

• Up to $6.5M in demolition reimbursements

• A 20-year joint marketing program reimbursing up to $10M in tourist tax revenue

• Over $15M in mobility and fire impact fee credits

• Resolution of long-standing code enforcement issues on the site

This level of public-private cooperation sends a very strong signal about the county’s long-term vision for the corridor.

📈 What This Means for Vacation Home Owners & Buyers

For short-term rental owners and investors, developments like Ovation Orlando typically bring:

• Increased visitor demand

• Higher average daily rates (ADR) over time

• Stronger resale appeal

• Improved perception of the surrounding area

• Long-term confidence in the market

Orlando welcomed 75 million visitors in 2024, making it the #1 tourist destination in the U.S., and the Orlando metro continues to be one of the fastest-growing regions in the country.

Major projects like this don’t appear in declining markets they follow strong fundamentals.

🏡 Final Thoughts from Vacay & Co Real Estate

Large-scale redevelopment along the Disney corridor is one of the clearest indicators of confidence in Central Florida’s tourism economy.

For buyers considering a vacation home, or owners wondering about future value and exit strategy, Ovation Orlando is another reminder that location, infrastructure investment, and long-term vision matter.

If you’d like to discuss how this type of development could impact your specific property or investment plans, I’m always happy to chat.

📞 Contact Vacay & Co Real Estate

Michelle Baydemir
Broker-Owner | Vacation Home & Investment Specialist
📧 [email protected]
📞 321-333-1338
🌐 https://www.vacayreflorida.com