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| 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.
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| 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 | www.hfflp.com
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