Tuesday, August 20, 2024 Hyatt Regency Orlando, a 1,641-key AAA Four Diamond resort in Orlando, Florida, has secured $620 million in acquisition financing, as announced today by JLL Hotels & Hospitality Group. Hyatt Regency Orlando has secured a floating-rate, five-year loan through Wells Fargo, Bank of America, and Deutsche Bank, facilitated by JLL on behalf of affiliates of RIDA Development Corporation and an Ares Management Real Estate fund. This premier resort, located at 9801 International Drive, boasts spacious accommodations, including guest rooms averaging 453 square feet and suites averaging 846 square feet, all featuring marble-accented bathrooms, sleeper sofas, mini-fridges, and 65-inch streaming TVs.
Guests can indulge in a wide array of amenities, such as six dining options, a 24-hour fitness center, tennis courts, a spa, and an outdoor pool. The property also offers 315,000 square feet of meeting and event space, with three direct connections to the Orange County Convention Center (OCCC), the second-largest convention center in the United States. Hyatt Regency Orlando’s prime location provides easy access to top Orlando attractions like Walt Disney World and Universal Studios, both within a 15-minute drive.
Additionally, Universal Orlando’s upcoming Epic Universe, the largest theme park in the United States, will be just minutes away and is scheduled to open in 2025. The JLL Hotels & Hospitality team, led by Americas CEO Kevin Davis, Managing Director Mike Huth, and Senior Director Barnett Wu, spearheaded this successful financing effort. “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.” JLL’s Hotels & Hospitality Group has completed more transactions than any other real estate advisor in the hotels and hospitality sector over the past five years, with a total of $83 billion in deals worldwide. The group’s global team, comprising 370 professionals across more than 20 countries, has also successfully handled over 7,350 advisory, valuation, and asset management assignments.
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