$145M Refinancing Secured for 997 Key Hotel Portfolio in Orlando, FL

Rendering of the Residence Inn by Marriott at FLAMINGO CROSSINGS Town Center, Orlando
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  Residence Inn by Marriott at FLAMINGO CROSSINGS Town Center, Orlando

JLL arranged the refinancing for four newly developed hotels in Florida

JLL;

JLL announced yesterday that it arranged a $145 million loan to refinance a 997-key portfolio of four newly developed, Marriott- and Hilton-branded select-service hotels located at Flamingo Crossings Town Center, located at the western gateway to Walt Disney World Resort in Orlando, Florida.

JLL represented the borrower, Doradus Partners, and its affiliated management company Yedla Hotels, to secure the $145 million floating rate loan through Aareal Capital Corporation. 

The four-property portfolio is comprised of the following hotels in Winter Garden, Florida:

– The 223-key Residence Inn by Marriott located at 2111 Flagler Ave.

– The 273-key Fairfield Inn & Suites by Marriott located at 631 Flagler Ave.

– The 272-key Home2 Suites by Hilton located at 341 Flagler Ave.

– The 229-key Homewood Suites by Hilton located at 411 Flagler Ave.

The four Marriott- and Hilton-branded hotels were recently opened between January 2021 and January 2022 and boast an exceptional location immediately outside the western gate to the Walt Disney World Resort, providing guests with convenient access to the theme park. The hotels sit adjacent to one another in the newly developed Flamingo Crossings Town Center, a mixed-use commercial district master planned by Walt Disney World.

This premier location provides the hotels with compelling competitive advantages, relative to other hotels in the Orlando lodging market. Orlando has historically had one of the most robust tourism markets in the United States boasting a tourism economy that would bring in $75 billion on average every year.

The JLL team was led by Senior Managing Director Gregg Shapiro and Senior Vice President Barnett Wu.

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About Mary Weyand 11874 Articles
Mary founded Scoop Tour with an aim to bring relevant and unaltered news to the general public with a specific view point for each story catered by the team. She is a proficient journalist who holds a reputable portfolio with proficiency in content analysis and research. With ample knowledge about the Automobile industry, she also contributes her knowledge for the Automobile section of the website.

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