JLL Motels & Hospitality group organized acquisition financing for the 1,641-key conference heart resort close to Orlando’s prime vacationer sights
JLL Motels & Hospitality group introduced as we speak that it secured $620 million in acquisition financing for Hyatt Regency Orlando, a 1,641-key, AAA 4 Diamond resort in Orlando, Florida.
JLL represented associates of RIDA Growth Company and an Ares Administration Actual Property fund to safe the floating-rate, five-year mortgage by means of Wells Fargo, Financial institution of America and Deutsche Financial institution on behalf of debtors.
This premier resort provides spacious visitor rooms averaging 453 sq. toes and suites averaging 846 sq. toes. The lodging characteristic marble-accented loos, sleeper sofas, mini-fridges and 65-inch streaming TVs.
Company can even take pleasure in in a wide range of facilities, together with six eating choices, a 24-hour health heart, tennis courts, a spa and an out of doors pool. Moreover, the lodge options 315,000 sq. toes of assembly and occasion area together with its three direct connections to the Orange County Conference Middle (“OCCC”), the second largest conference heart in america.
Positioned at 9801 Worldwide Drive, the property additionally offers distinctive proximity to prime Orlando demand turbines, akin to Walt Disney World and Common Studios. Each sights are conveniently lower than a 15-minute drive away. Moreover, Common Orlando is establishing Epic Universe, its largest theme park in america spanning 750 acres, located simply minutes from the lodge. Epic Universe is about to open in 2025.
The JLL Motels & Hospitality crew was led by Americas CEO Kevin Davis, Managing Director Mike Huth and Senior Director Barnett Wu.
“We are happy to have labored along with RIDA, Ares, and Hyatt on this transaction,” stated Davis. “We loved working with the sponsors of their strategic imaginative and prescient for the way forward for the Orlando conference district and sit up for persevering with to work with all of the stakeholders sooner or later.”
