JLL’s Hotels & Hospitality Group closes $121 million sale of Wyndham Grand Orlando Resort Bonnet Creek to Tishman Realty and Cross Lake Partners

 

Wyndham Grand Orlando Resort Bonnet Creek,
 a 400-key, upscale resort bordering
Walt Disney World® in Orlando, FL

ORLANDO, FL – JLL’s Hotels & Hospitality Group has closed the $121 million sale of Wyndham Grand Orlando Resort Bonnet Creek, a 400-key, upscale resort, bordering Walt Disney World® in Orlando, Florida.

 JLL marketed the property on behalf of the seller, Wyndham Hotels & Resorts (NYSE: WH). A joint venture between Tishman Realty and Cross Lake Partners acquired the asset.

 The JLL Hotels & Hospitality team working on behalf of the seller was led by Managing Director Andrew Dickey and Senior Vice President Christopher Exler.

 Andrew Dickey

“We’re thrilled with the result for our client, having delivered on a key strategic objective for them while transitioning a phenomenal piece of real estate to an excellent steward in Tishman,” said Exler.

 “With Disney World breaking all-time revenue records and the overall leisure thesis within hotel real estate, we expect the Orlando market to increasingly come into focus for investors.”

Wyndham Grand Resort Orlando Bonnet Creek features 50,000 square feet of flexible event space, including three ballrooms, it shares six pools and two lazy rivers with the neighboring timeshare complex, has a spa with six private treatment rooms, a jogging trail, fitness center and a shuttle service to Walt Disney World.

Additionally, the resort offers six food and beverage venues, including Deep Blu Seafood Grille & Sushi, Back Bay Bar & Grill, Tesoro Cove Family Fare and Bar 1521.

Christopher Exler

Situated on 7.3 acres in Bonnet Creek, a private development of four hotels bordered by Walt Disney World® on three sides, the resort is within two miles of Disney’s Hollywood Studios, Epcot and the entertainment and retail emporium at Disney Springs.

 JLL’s Hotels & Hospitality Group has completed more transactions than any other hotels and hospitality real estate advisor over the last five years, totaling $83 billion worldwide.

The group’s 350-strong global team in over 20 countries also closed more than 7,350 advisory, valuation and asset management assignments.

Our hotel valuation, brokerage, asset management and consultancy services have helped more hotel investors, owners and operators achieve high returns on their assets than any other real estate advisor in the world.

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CONTACT:

 

Cierra Lacasse

PR, Capital Markets

JLL

T +1 602 648 8701

M +1 408 318 8021

JLL.com

www.crosslakepartners.com.