JLL arranges $735 million financing for the Walt Disney World Swan & Dolphin Resort in Lake Buena Vista, FL on behalf of Tishman Hotel & Realty and MetLife Investment Management

The Walt Disney World Swan resort, Lake Buena Vista, FL

 

 NEW YORK CITY, NY–  JLL’s Hotels & Hospitality group has arranged a new $735 million, five-year, floating-rate SASB CMBS term loan to refinance The Walt Disney World Swan, Walt Disney World Dolphin and Walt Disney World Swan Reserve (collectively, “Swan & Dolphin Resort”), a 2,619-key resort situated directly adjacent to the theme parks within Walt Disney World in Lake Buena Vista, Florida.

Caleigh O’Connell

 JLL represented a joint venture between Tishman Hotel & Realty and MetLife Investment Management (MIM). Wells Fargo, Bank of America and Goldman Sachs were the lenders.

 

Located adjacent to Walt Disney World’s Epcot and Hollywood Studios theme parks, the Swan & Dolphin Resort is the only non-Disney owned hotel located on the grounds of Walt Disney World. 

Kevin Davis

 Built by Tishman and MIM and opened in 1989 / 1990 and 2021, the iconic Michael Graves-designed Swan & Dolphin Resort consists of three Marriott branded hotels – the 756-key Swan (Sheraton), the 1,514-key Dolphin (Westin) and the 349-key Swan Reserve (Autograph Collection).

 

 The Swan & Dolphin Resort hotel offers over 452,000 square feet of meeting and event space (including eight ballrooms, 99 meeting rooms) and 100,000 square feet of outdoor space. 

 

The Swan & Dolphin Resort’s amenities include 16 restaurants and seven bars, three fitness centers, six outdoor pools and a 12,000-square-foot spa.

 

The JLL team was led by Hotels & Hospitality Group Americas CEO Kevin Davis, Managing Director Mark Fisher and Analyst Caleigh O’Connell.

 

The financing represents an endorsement of the Swan & Dolphin Resort and the Tishman / MIM stewardship of the asset.

 

According to Davis, “The Swan & Dolphin Resort SASB CMBS loan priced at the tightest pricing levels seen for hotels since 2021. The market pricing was an affirmation of the strong in-place cash flows, the unique competitive position for the Resort and the incredible 35-year track record that Tishman and MIM have created in Orlando.”

 

Mark Fisher

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.

 

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.

 

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

 

 Contact: 

 

Alli Stent

PR, Hotels & Hospitality

 Capital Markets

Chicago | JLL
M +1 330 329 6750

KW PROPERTY MANAGEMENT & CONSULTING Welcomes Suzel Broe as Chief Financial Officer – Financial Services

Suzel Broe

MIAMI. FL – KW PROPERTY MANAGEMENT & CONSULTING, a premier Florida-based association management company, significantly enhanced its executive team with the addition of Suzel Broe as Chief Financial Officer – Financial Services. Based in Miami, Broe will leverage her accomplished accounting background for the benefit of KWPMC’s clients.

 A Certified Public Accountant, Broe has over two decades of experience as a business owner, consultant and senior accounting professional with a Big-4 accounting background. Her major clients included Restaurant Brands International (NYSE: QSR), University of Miami, Cyxtera Technologies, Inc. (NYSE: CYXT) and AppGate Inc.

 

Broe most recently served as CFO of Orion Real Estate Group.

 

Katalina Cruz

“We are thrilled to welcome Suzel Broe to the KWPMC family,” KWPMC President Katalina Cruz said. “Her unique expertise and experience will come in handy as our portfolio expands and the management and consulting needs of our clients evolve.”

 

Broe earned her Master of Accounting from Florida State University.

 

KWPMC is one of the fastest-growing property management companies in the U.S., with over 90,000 homes under management and 2,600 employees. The company has developed its own digital platform.                                      

 

 

 Contact: 

 

Eric Kalis

Senior Vice President

ekalis@boardroompr.com

C 305-794-5123

O 954-370-8999

Web | Facebook | Instagram | LinkedIn

 

www.kwpmc.com.

 

 

Tricera Hires Kevin Ceron and Robin Alonso to property management team

Ben Mandell

 MIAMI, FL

 Kevin Ceron

 –– Tricera, the Miami-based commercial real estate owner led byBen Mandell, strengthened its property management team with the additions of Kevin Ceron as Controller and Robin Alonso as Director of Property Management. Ceron and Alonso bring more than 25 years of combined experience to Tricera Management.

Tricera Capital also promoted a key team member, Mario Saldaña, to Vice President, Investments.

Tricera Management, a commercial property management platform, is a subsidiary of Tricera and formally launched third-party offerings in 2023. 

The company provides a suite of management, accounting and related services for commercial real estate assets throughout Florida.

Robin Alonso 

Ceron has more than 15 years of accounting and financial management experience in real estate and other industries. He previously worked at The Comras Company, Monument Real Estate Services and Berger Commercial – among other real estate firms.

 At Tricera Management, Ceron will ensure the accuracy and completeness of its financial transactions and documentation.

Alonso joins Tricera after more than five years at New York-based real estate development and investment firm Tristar Capital (or Tricap).

He also spent around five years at CREC (formerly known as Continental Real Estate Companies). At Tricera Management, Alonso will ensure the on-site property management and maintenance services are streamlined and efficient

 Mario Saldaña

“Kevin Ceron and Robin Alonso are seasoned professionals who have worked at best-in-class real estate companies,” Mandell said.

“They will apply learned practices developed throughout their careers to bolster our property accounting and third-party management platform. We continue to pursue opportunities to strategically grow our team with talented individuals like Kevin and Robin.”

 

 

Contacts: 

 

Eric Kalis/Daniel Benjamin

954-370-8999

ekalis@boardroompr.com/dbenjamin@boardroompr.com

 

 

 

 

John Testerman joins JLL’s Raleigh office as Senior Director

John Testerman

  

RALEIGH, NC –  JLL’s Hotels & Hospitality group announced

John Testerman has joined the Raleigh office as Senior Director. Testerman will work closely with Ketan Patel who leads hotel investment sales in the mid-Atlantic region, as well as Travis Anderson and Pete Pitroff who head the Carolinas office.

 

 In his role as Senior Director, Testerman will be responsible for overseeing key client accounts, providing strategic investment sales guidance and expanding JLL's hospitality presence in the Carolinas.

Ketan Patel 

“We are thrilled to welcome John to our team," said Kevin Davis, Americas CEO of JLL’s Hotels & Hospitality group. "His diverse skill set, combined with his deep understanding of the real estate landscape in the Carolinas, positions him as a key asset in helping our clients achieve their business goals. We look forward to working closely with him as we continue to grow and succeed in this region."

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

 

 

 

CONTACT:

 

Alli Stent

PR, Hotels & Hospitality

Capital Markets

Chicago | JLL
M +1 330 329 6750

 

Hospitality Ventures Management Group (HVMG) Names Linda Philp Senior Vice President and Chief Financial Officer

Linda Philp

ATLANTA, GA —Hospitality Ventures Management Group (HVMG), an Atlanta-based third-party hotel operator and investor, has named Linda Philp, CPA, senior vice president & chief financial officer. 

 

 In her role, she will be responsible for the company’s accounting, financial reporting, tax, systems optimization/ technology and risk management functions.

             

“Linda brings with her a wealth of finance and accounting expertise that will not only provide support for our property-level general managers and directors of finance/controllers but will also serve as a valued strategic partner for our owners and investors,” said Robert Cole, CEO. 

 

 Robert Cole

 “She is a big picture thinker and a hands-on leader, an ideal combination given our size to lead our finance and accounting functions.  Leveraging her experience across hotel, restaurant, service and distribution companies, Linda will further strengthen our finance and accounting infrastructure to support HVMG’s anticipated growth.”

Most recently, Philp was CFO of Universal Turbine Parts, LLC.  Prior service-industry CFO roles include Lodgian, Inc. and The Krystal Company. 

 

 

 

CONTACT:

 

Chris Daly

President

DG Public Relations

(703) 864-5553

chris@dalygray.com

www.dalygray.com

 www.hvmg.com 

 

JLL Capital Markets worked for Bixby Land Company and a global investment manager in the sale of 4982 Hallmark Parkway in San Bernardino, CA

  

4982 Hallmark Parkway, Inland Empire, Southern California

LOS ANGELES, CA–  JLL Capital Markets has arranged the sale of 4982 Hallmark Pkwy totaling 340,080 square feet in the Inland Empire. The price was not disclosed.

 Mark Detmer

JLL represented the seller, Bixby Land Company and a global investment manager, and procured the buyer, Dalfen Industrial.

 

The Class A property was built in 2018 and is fully leased to two tenants. Key features include 32-foot clear heights, ESFR sprinklers, 47 dock-high doors and two grade level doors.

 

The asset is located in the ultra-core Inland Empire, the most sought after institutional industrial market nationally. It has strategic access to major transportation corridors and critical distribution and logistics hubs.

 Patrick Nally

It boasts access to all points throughout the Inland Empire and greater southwestern U.S. via the I-215, I-15, CA-210, I-10 and other nearby freeways in Southern California’s extensive freeway system.

 

The Port of Los Angeles and Port of Long Beach are approximately 77 miles from the property in addition to multiple railway access points within 70 miles from the asset.

 

The JLL Capital Markets Investment Sales and Advisory team was led by Senior Managing Directors Mark Detmer and Patrick Nally, Managing Director Ryan Sitov and Senior Director Evan Moran.

Ryan Sitov

 The JLL Capital Markets Debt Advisory team was led by Executive Managing Director Kevin Mackenzie and Senior Managing Director Brian Torp.

 The Inland Empire Markets Team was led by Executive Managing Directors Mike McCrary, Patrick Wood and Senior Managing Directors Ruben Goodsell and Jeff Bellitti. 

 

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.

 Evan Moran

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. 

 

Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.   

 

 

Contact;

 

Alli Stent

PR, Hotels & Hospitality,

Capital Markets

Chicago | JLL
M +1 330 329 6750