Zafir Rashid, Head of Development at Teramir Group of Companies, has confirmed that the firm’s flagship Nickelodeon-branded U.S. resort - the much-anticipated Nickelodeon Hotels & Resorts Orlando in Kissimmee, Florida - has received its building permit, clearing the path for vertical construction to begin! The announcement comes just weeks after Rashid disclosed the project had entered its final pre-construction phase.
Boasting over 400 hotel rooms and condo units combined, Nickelodeon Hotels & Resorts Orlando will showcase uniquely themed accommodations, including suites inspired by iconic characters and ensuring epic experiences. The family-friendly resort mixes luxury amenities with F.U.N. for both the young and young at heart. Guests will have the opportunity to interact with Nickelodeon's globally beloved franchises, including SpongeBob SquarePants, PAW Patrol, Dora, and Teenage Mutant Ninja Turtles.
Slated to open in 2026, this resort will be located in the Everest Place development and expertly operated by Lion Star Hospitality Inc., the exclusive US licensee for Karisma Hotels & Resorts, welcoming guests to explore a world of limitless fun and boundless opportunity.
Official Teramir Group press release:
Zafir Rashid's $1.5B destination district project secures building permit to begin vertical construction
Zafir Rashid says the latest approval marks a pivotal moment for the $1.5 billion development
UNITED STATES, July 7, 2025 -- Zafir Rashid, Head of Development at Teramir Group of Companies, confirmed that the firm’s flagship Nickelodeon-branded U.S. resort has received its building permit, clearing the path for vertical construction to begin. The announcement comes just weeks after Rashid disclosed the project had entered its final pre-construction phase.
This latest approval marks a pivotal moment for the $1.5 billion development, which combines hospitality, branded entertainment, and mixed-use infrastructure. With horizontal infrastructure already in place, the resort’s construction team is now preparing for foundation work and public-facing activation.
“We’ve secured the green light,” Rashid said. “The permit approval means we’re ready to transition from groundwork to vertical buildout, and that’s where the project starts taking shape in a real, physical way.”
The resort will feature Nickelodeon-themed experiences designed to attract global tourism and strengthen family-friendly travel markets. The site will include entertainment zones, water attractions, and immersive character-based environments.
Zafir Rashid’s strategy includes a communications rollout tied to the groundbreaking announcement, backed by ongoing investor relations and digital content designed to boost visibility. A surge of press activity is expected in the coming weeks as Teramir prepares to launch the next phase of construction.
The Nickelodeon resort is just one of several developments under Rashid’s leadership. Additional projects are in motion across Saudi Arabia, the UAE, Brazil, and Egypt, though most remain confidential due to existing agreements with funders and licensing partners.
“This is the first major public milestone,” Rashid said. “Once we start building vertically, everything else begins to move forward faster.”
With the permit in hand and financing aligned, Teramir Group is preparing to break ground and continue its expansion across multiple international markets.
Zafir Rashid
Teramir Group
Visit us on social media:
###
Stream a Mountain of Entertainment, including your Nickelodeon favorites on Paramount+! Try it FREE at ParamountPlus.com!
Shop Nickelodeon at ParamountShop.com
More Nick: Karisma Hotels & Resorts and Autism Double-Checked Introduce the First-Ever Autism Passport!
Originally published: July 08, 2025.
Official Teramir Group press release courtesy of EIN Presswire; WTTV CBS4Indy.
No comments:
Post a Comment
Have your say by leaving a comment below! NickALive! welcomes friendly and respectful comments. Please familiarize with the blog's Comment Policy before commenting. All new comments are moderated and won't appear straight away.