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| Crowne Plaza Orlando-Downtown, 304 West Colonial Drive, Orlando, FL |
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| Michael Weinberg |
ORLANDO, FL – HFF
announced it has secured a $13.5 million financing for the Crowne Plaza
Orlando-Downtown, a 227-room hotel in downtown Orlando, Florida.
HFF worked exclusively on behalf of the borrower, Vista
Group of Companies, to secure the loan.
The
asset currently includes 227 condominium hotel units, 50 of which are two-room
suites. Renovated from 2010 to 2011, the 14-story, full-service hotel includes
8,050 square feet of meeting space, an outdoor pool, fitness center, business
center and restaurant and wine bar.
The hotel is located
at 304 West Colonial Drive along Interstate 4 just minutes from the
Central Business District and community venues such as Amway Center, Citrus
Bowl and the Dr. Phillips Performing Arts Center.
The HFF team was led by director Michael Weinberg and
real estate analysts Cecily Nazario and Alexandra Lalos.
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| Cecily Nazario |
“This asset is supremely high-quality in terms of interior
finishes and level of service,” Weinberg said.
“The Vista Hospitality team always does an excellent job maintaining and
operating their hotels.”
With offices in Kitchener, Ontario and Binghamton, New York,
the Vista Hospitality Group owns and operates hotels, resorts and other
commercial properties throughout Ontario, Quebec, New York, South Carolina and
Florida. Offering more than 2,700
rooms,
Vista has developed sophisticated information management
systems that form the basis of a highly efficient and effective organizational
structure.
The Vista Management
Executive Team is extremely diverse and has acquired a reputation for proven
performance at all of its properties.
More information is available at www.vistahospitality.com.
For a complete copy of the company’s news release, please
contact:
Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com
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