OKEECHOBEE, FL—Kite Properties, LLC, a Vero Beach developer, broke ground recently on an 85-room Hampton Inn by Hilton here that is slated to open next July. The hotel site, located at 1200 NE Park St.,fronts Florida SR 70, one half-mile east of US 441, where restaurant, bank, retail and office outparcel sites with SR 70 frontage are currently adjacent to the hotel. Hotel Equities, an Atlanta, GA-based hotel development, management and consulting firm, is an equity partner in the hotel and will manage it. Orlando-based general contractor Pinkerton and Laws will supervise construction.