Is it possible that the city with the most timeshares could soon gain another 1400 timeshare units?

A new Orlando timeshare certainly seems to be in the works. A Flushing, New York-based company has been given the go-ahead on a proposed plan to develop 19.2 acres of land along Orlando’s busy International Drive tourist area. This new Orlando timeshare project includes two currently undeveloped parcels, and an existing 94-room hotel (the Monumental Hotel) which is scheduled to be destroyed.

Last year, developer Show-Lain Cheng received approval for the project from Orange County (Orlando, Florida) for zoning and conceptual plans. On August 4, the project authorized the development team to start on storm water and architectural design, plans that should be ready for submission for county review by mid-September.

The Orlando Business Journal says this is a $500 million timeshare project to be known as Zena based on the property’s Buddhist Zen theme. Construction is planned in phases, but upon completion will include a fitness center, tennis courts, bowling alley, Wii rooms, and retail space. Developer Cheng says, “We will offer comfort, relaxation, and tranquility.” She also told the Tampa Bay Business Journal, that timing of the project will be influenced by the economy and that construction could begin as early as next year or be delayed for several years.

Orlando Timeshare along International Drive

Geographically, all of International Drive is a tourist hub, home to hotels, shops, restaurants, and themed entertainment. This particular location is especially convenient to SeaWorld Orlando. Two outstanding Orlando timeshare resorts already in the popular International Drive area include the Hilton Grand Vacation Club at SeaWorld and Sheraton’s Vistana Resort timeshare.