Saturday, April 29, 2017

HFF closes sale of and secures financing for Holiday Inn Orlando SW – Celebration Area near Walt Disney World Resort

Holiday Inn Orlando SW – Celebration Area, Florida

Michael Weinberg
ORLANDO, FL –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of and secured acquisition and renovation financing for Holiday Inn Orlando SW – Celebration Area, a 444-room, limited-service hotel near the grounds of Walt Disney World Resort in Orlando, Florida.

HFF marketed the property on behalf of the seller, Eastgate Hospitality Investors, LLC, for which HFF secured financing for the property in 2012.  Palm Holdings purchased the asset free and clear of debt and unencumbered of management.

Additionally, working on behalf of the new owner, HFF placed the five-year, floating-rate loan with BMO Harris Bank.  

Proceeds of the financing will be used to acquire the hotel and immediately implement a property improvement plan, which includes a complete overhaul of the lobby, common areas and guestrooms. 

Holiday Inn Orlando SW – Celebration Area is an official Walt Disney “Good Neighbor Hotel” at 5711 W. Irlo Bronson Memorial Highway in Kissimmee, 2.5 miles from Walt Disney World Resort (Disney), which welcomes more than 50 million visitors a year. 

Preston Reid

Additionally, the hotel is less than two miles east of Interstate 4, which provides access to Universal Studios Orlando, SeaWorld Orlando, LEGOLAND and the Orlando Premium Outlets.  

The hotel comprises two eight-story guestroom towers and a single-story section between them that was all completed in 1984 and 1985 and then redeveloped into a Holiday Inn in 2007. 

The Holiday Inn Orlando SW – Celebration Area features an outdoor pool, kid’s pool and whirlpool; fitness center; business center; game room; playground; Trattoria Café with an onsite Pizza Hut Express; lobby bar; 4,000 square feet of function space and scheduled transportation to the theme parks. 

The HFF team was led by senior managing director Michael Weinberg and associate directors Preston Reid and Matthew Sand.

“BMO Harris offered a flexible financing solution that fit well with our client’s business plan for the hotel,” Sand said.  “We were excited to help Palm Holdings continue to grow its presence in the Orlando market.”

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

Kristen M. Murphy
Director, Public Relations
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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