Hyatt Regency Orlando, a 1,641-key, AAA Four Diamond resort in Orlando, FL |
ORLANDO, FL, Aug. 19, 2024 – JLL Hotels & Hospitality group announced today that it secured $620 million in acquisition financing for Hyatt Regency Orlando, a 1,641-key, AAA Four Diamond resort in Orlando, Florida.
JLL represented affiliates of RIDA Development
Corporation and an Ares Management Real Estate fund to secure the
floating-rate, five-year loan through Wells Fargo, Bank of America and Deutsche
Bank on behalf of borrowers.
The JLL Hotels & Hospitality team was led by Americas CEO Kevin Davis, Managing Director Mike Huth and Senior Director Barnett Wu.
“We are pleased to have worked together with RIDA, Ares, and Hyatt in this transaction,” said Davis. “We enjoyed working with the sponsors in their strategic vision for the future of the Orlando convention district and look forward to continuing to work with all the stakeholders in the future.”
This premier resort offers spacious guest rooms
averaging 453 square feet and suites averaging 846 square feet. The
accommodations feature marble-accented bathrooms, sleeper sofas, mini-fridges
and 65-inch streaming TVs.
Guests can also enjoy in a variety of amenities, including six dining options, a 24-hour fitness center, tennis courts, a spa and an outdoor pool.
Furthermore, the hotel features 315,000 square feet of
meeting and event space along with its three direct connections to the Orange
County Convention Center (“OCCC”), the second largest convention center in the
United States.
Barnett Wu.
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Located at 9801 International Drive, the property also
provides exceptional proximity to top Orlando
demand generators, such as Walt Disney World and Universal Studios. Both
attractions are conveniently less than a 15-minute drive away.
Additionally, Universal Orlando is constructing Epic
Universe, its largest theme park in the United States spanning 750 acres,
situated just minutes from the hotel. Epic Universe is set to open in 2025.
For more news, videos and research resources, please visit JLL’s newsroom.
CONTACT:
Grace Lewis
PR,
Capital Markets
JLL
2401
Cedar Springs Rd.
Dallas,
Texas 75201
M
+1 903 520 3478
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