Friday, December 25, 2015

HFF arranges $8.2 million financing for Holiday Inn Express hotel conversion near Orlando, FL

Inn at Calypso Cay, 5001 Calypso Cay Way, South Lake Buena Vista, FL

ORLANDO, FL –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $8.2 million in acquisition financing for the Inn at Calypso Cay, a 159-room, select-service hotel located in the South Lake Buena Vista submarket in Orlando, Florida.

HFF worked on behalf of the borrower, Palm Holdings, to place the four-year, floating-rate loan with two one-year options with a national bank.  Palm Holdings plans to use a portion of the proceeds to convert the hotel to a Holiday Inn Express & Suites, one of the largest hotel brands in the industry.

Michael Weinberg
The seven-story hotel features an outdoor pool, fitness center, business center, arcade and sundries shop.  Guests of the hotel also have access to three additional pools with waterslides, volleyball and basketball courts and a nine-hole mini-golf course. 

Located at 5001 Calypso Cay Way in South Lake Buena Vista, the Inn at Calypso Cay is near the intersection of Kissimmee Vineland Road and Osceola Parkway, two main thoroughfares servicing Orlando’s tourist corridor.  The hotel is 3.8 miles from Walt Disney World®, 4.5 miles from Orlando Premium Outlets and 7.1 miles from SeaWorld Orlando.

The HFF debt placement team representing the borrower was led by director Michael Weinberg.

”Palm Holdings has a proven track record of successful hotel renovations and brand conversions in the U.S., Canada and the U.K.  This is their second acquisition in Florida over the past couple years, and I know they are targeting more here in the sunshine state,” Weinberg said.

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

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