JLL arranges 145 million refinancing for four newly developed hotels near Walt Disney World Resort in Orlando, FL

 

 ORLANDO, FL, July 17, 2023 –  JLL announced it arranged a $145 million loan to refinance a 997-key portfolio of four newly developed, Marriott- and Hilton-branded select-service hotels located at Flamingo Crossings Town Center, located at the western gateway to the Walt Disney World Resort in Orlando, FL

 

JLL represented the borrower, Doradus Partners, and its affiliated management company Yedla Hotels, to secure the floating rate loan through Aareal Capital Corporation. 

Flamingo Crossings Town Center, Orlando, FL

The four-property portfolio is comprised of the following hotels in Winter Garden, Florida:

·         The 223-key Residence Inn by Marriott located at 2111 Flagler Ave.

·         The 273-key Fairfield Inn & Suites by Marriott located at 631 Flagler Ave.

·         The 272-key Home2 Suites by Hilton located at 341 Flagler Ave.

·         The 229-key Homewood Suites by Hilton located at 411 Flagler Ave.

The four Marriott- and Hilton-branded hotels were recently opened between January 2021 and January 2022 and boast an exceptional location immediately outside the western gate to the Walt Disney World Resort, providing guests with convenient access to the theme park.

Gregg Shapiro

The hotels sit adjacent to one another in the newly developed Flamingo Crossings Town Center, a mixed-use commercial district master planned by Walt Disney World.

This premier location provides the hotels with compelling competitive advantages, relative to other hotels in the Orlando lodging market. Orlando has historically had one of the most robust tourism markets in the United States boasting a tourism economy that would bring in $75 billion on average every year.

The JLL team was led by Senior Managing Director Gregg Shapiro and Senior Vice President Barnett Wu.

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

 

 The group’s 370-strong global team in over 20 countries also closed more than 7,350 advisory, valuation and asset management assignments.

Barnett Wu.

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.

 

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization.

 

The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom.

 

 

Contacts:

 

Alli Semans

Public Relations, Associate

Phone: +1 330 329 6750

Email: Alli.Semans@jll.com

 

www.doraduspartners.com.

jll.com.