ORLANDO Thayer Hotel Investors has announced that it will invest $547 million into the development and construction of a 450-acre resort here. The resort will encompass a 585-room Ritz-Carlton hotel as well as a 1,000-room JW Marriott hotel.
The Grande Lakes Resort will also feature a 40,000-square-foot health spa and a Greg Norman-designed golf course. It will be located midway between Universal Studios and Walt Disney World and is expected to open in 2003. (4/26/01)