You can see the shuttle launch from Orlando. It isn't as dramatic but you can still see it. We were in Orlando and then going to the Space Coast during a launch window and couldn't book a hotel for anything, even months in advance, until the scrubbed the launch and then we got a great deal on our room.
The first time I was in Orlando, they did a night launch and we watched it from our hotel room. I had been out to Kennedy Space Center the day before the launch and about the only thing they do different is that you can't take the tour bus out to the launch site like you can when the shuttle is not on the launch pad. I have great photos of the shuttle on the launch pad from that trip.