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| Grand Bohemian Hotel, 325 South Orange Avenue, Downtown Orlando, FL |
ORLANDO, FL –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has arranged a $60 million refinancing
for Grand Bohemian Hotel Orlando, a
247-room, full-service, award-winning, luxury hotel in the heart of downtown
Orlando, Florida.
HFF worked on behalf of
the borrower, Xenia Hotels & Resorts, Inc., to place the 10-year,
fixed-rate loan with MetLife. Loan
proceeds will be used to refinance an existing loan
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| Michael Weinberg |
Grand Bohemian Hotel
Orlando is an AAA Four Diamond award-winning hotel most recently named the 2015
No. 6 Best Orlando Hotel by U.S. News & World Report.
The hotel, which is part of Marriott’s
Autograph Collection, features 9,117 square feet of meeting and ballroom space,
1,518 square feet of pre-function space, a heated outdoor pool and whirlpool,
Poseidon Spa, 24-hour fitness center, Grand Bohemian Art Gallery and three food
and beverage options – The Boheme Restaurant, Bösendorfer Lounge and Starbucks®
Café.
Completed in 2001, the
hotel is located at 325 South Orange Avenue in downtown Orlando across the
street from the new Dr. Phillips Center for the Performing Arts, a nine-acre
venue with three performance theaters and an outdoor performance plaza.
The hotel is proximate to
10 million square feet of office space and, with a Walk Score ranking of 91, it
is surrounded by restaurants, nightlife, parks, shopping and entertainment
venues, including the Amway Center, home to the Orlando Magic NBA team.
The HFF debt placement
team representing the borrower was led by director Michael Weinberg.
“We are bullish on
downtown Orlando and its future growth potential,” Weinberg said. “We have seen strong demand from debt and
equity capital firsthand, having sold or financed some of the premier assets in
the submarket, such as Grand Bohemian and Embassy Suites.”
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Director
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 |
Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
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