Wells Fargo, Financial institution of America and Goldman Sachs supplied financing for the two,619-key resort in Lake Buena Vista
JLL’s Accommodations & Hospitality group introduced immediately that it organized a brand new $735 million, five-year, floating-rate SASB CMBS time period mortgage to refinance The Walt Disney World Swan, Walt Disney World Dolphin and Walt Disney World Swan Reserve , a 2,619-key resort located straight adjoining to the theme parks inside Walt Disney World in Lake Buena Vista, Florida.
JLL represented a three way partnership between Tishman Lodge & Realty and MetLife Funding Administration (MIM). Wells Fargo, Financial institution of America and Goldman Sachs had been the lenders.
Situated adjoining to Walt Disney World’s Epcot and Hollywood Studios theme parks, the Swan & Dolphin Resort is the one non-Disney owned lodge situated on the grounds of Walt Disney World. Constructed by Tishman and MIM and opened in 1989 / 1990 and 2021, the long-lasting Michael Graves-designed Swan & Dolphin Resort consists of three Marriott branded accommodations – the 756-key Swan (Sheraton), the 1,514-key Dolphin (Westin) and the 349-key Swan Reserve (Autograph Assortment). The Swan & Dolphin Resort lodge affords over 452,000 sq. toes of assembly and occasion house (together with eight ballrooms, 99 assembly rooms) and 100,000 sq. toes of out of doors house.
The Swan & Dolphin Resort’s facilities embrace 16 eating places and 7 bars, three health facilities, six outside swimming pools and a 12,000-square-foot spa.
The JLL group was led by Accommodations & Hospitality Group Americas CEO Kevin Davis, Managing Director Mark Fisher and Analyst Caleigh O’Connell.
The financing represents an endorsement of the Swan & Dolphin Resort and the Tishman / MIM stewardship of the asset.
In keeping with Davis, “The Swan & Dolphin Resort SASB CMBS mortgage priced on the tightest pricing ranges seen for accommodations since 2021. The market pricing was an affirmation of the sturdy in-place money flows, the distinctive aggressive place for the Resort and the unimaginable 35-year observe file that Tishman and MIM have created in Orlando.”
