A partnership between Prime Hospitality Group, Shaner Hotel Group and International Speedway Corporation has received a $10 million construction loan for the development of a Fairfield Inn & Suites at the new One Daytona mixed-use project. The hotel will feature 105 guest rooms with a lobby bar, 24/7 market, pool and fitness center, along with a business center. Located directly across the street from the Daytona International Speedway, the 300,000 sqf mixed use scheme will require an investment of approximately $120 to $150 million. Along with the Fairfield Inn & Suites as a central component, the property will also have a large residential community. The funding was sourced by Apollo Bank based in Miami. The hotel is expected to open its doors in the summer of 2017.
Larry Mayer Abbo CEO of Prime Hospitality Group called the project “a dynamic, iconic undertaking that will dramatically expand and enhance the race experience, while significantly contributing to the sport, its fans and the local community at large.”
