Sunday, July 29, 2018

Marcus & Millichap Capital Corp. Brokers Sale of Two-Property Hotel Portfolio in Orlando, FL for $13.5 Million


Ahmed Kabani
ORLANDO, FL – Marcus & Millichap Capital Corp. (MMCC), a leading provider of commercial real estate financing and capital markets expertise announced the sale of a two-property hotel portfolio in Orlando, Florida, according to Scott Lunine, regional manager of the firm’s Miami office.

The properties are a 200-room Clarion Hotel and the Econo Lodge Orlando Airport, which has 130 rooms. The two hotels sold for a total of $13.5 million.

            “The acquisition provides the new owner with a great opportunity to grow revenue in one of the largest hotel markets in Florida,” says Ahmed Kabani, first vice president investments in Marcus & Millichap’s Miami office.

“The large banquet hall, bars and meeting rooms are perfect for the Orlando market and new ownership can add a building in the land behind the property.”

Kabani represented the seller, a private investment trust, and procured the buyer, a limited liability company.

Clarion Hotel, Orlando, FL
Built in 1985 on 8.6 acres, the properties are located off State Road 528, which connects traffic from Interstate 95 to Orlando and provides easy access to the city’s main attractions, including Walt Disney World and Universal Studios. Orlando International Airport is three miles away and the Orange County Convention Center is within a 15-minute drive.

  

For more information, please contact:


Daniella Aragon
Marketing Coordinator
Marcus & Millichap
5201 Blue Lagoon Drive
Suite 100
Miami, FL 33126
(786) 522-7000 main
(786) 454-0094 mobile
(786) 522-7010 fax
daniella.aragon@marcusmillichap.com

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OR

  Scott Lunine
Vice President / Regional Manager, Miami
(786) 522-7000

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