Saturday, March 5, 2016

Sale of Embassy Suites by Hilton Orlando Downtown hotel closed by HFF

Embassy Suites Orlando Downtown, Orlando, FL
Daniel C. Peek
ORLANDO, FL –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Embassy Suites by Hilton Orlando Downtown, a 167-room, full-service, all-suite hotel in downtown Orlando, Florida.

HFF marketed the property on behalf of the seller, HEI Hotels & Resorts.  In their first acquisition in the United States, Paradise Group purchased the asset free and clear of debt and will implement a significant property improvement plan (PIP) to enhance the customer experience and the asset’s ability to compete in the market.  BayStar Hotel Group will manage the hotel.

Opened in 2000, Embassy Suites by Hilton Orlando Downtown’s 167 rooms include eight executive suites and two presidential suites.  

The hotel overlooks Lake Eola and features 6,850 square feet of indoor meeting space with an additional 3,000 square feet of flexible pre-function space, outdoor pool, fitness center, business center, complimentary evening reception and the full-service Eola Café restaurant.

Michael Weinberg
 Embassy Suites by Hilton Orlando Downtown is located at 191 East Pine Street, which is proximate to more than 10 million square feet of office space and adjacent to Lake Eola Park.  

With a Walk Score® index of 92, the hotel is near restaurants, shopping, nightlife, two SunRail train stops and popular downtown entertainment destinations, including the Amway Center and Dr. Phillips Center for the Performing Arts.

The HFF investment sales team representing the seller was led by senior managing director and head of HFF’s hotel group Daniel C. Peek, director Michael Weinberg and associate director Preston Reid.

“It’s exciting to see foreign capital flow into Central Florida and the downtown Orlando submarket,” Weinberg said.  “This was Paradise’s first U.S. investment, so it was good to be able to facilitate the transaction with a new entrant into the market.”
 For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |

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