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$620M financing secured for Hyatt Regency Orlando

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JLL Hotels & Hospitality group has secured a $620 million acquisition financing for the Hyatt Regency Orlando, a 1,641-key AAA Four Diamond resort. The floating-rate, five-year loan was arranged through Wells Fargo, Bank of America, and Deutsche Bank for affiliates of RIDA Development and an Ares Management Real Estate fund.

The resort boasts 315,000 square feet of meeting and event space and is directly connected to the Orange County Convention Center. It offers spacious accommodations, multiple dining options, and various amenities. Located on International Drive, the property is close to major Orlando attractions, including Walt Disney World and Universal Studios. The upcoming Epic Universe theme park, set to open in 2025, is just minutes away.

Il gruppo JLL Hotels & Hospitality ha ottenuto un finanziamento per acquisizione di 620 milioni di dollari per l'Hyatt Regency Orlando, un resort AAA Four Diamond con 1.641 camere. Il prestito a tasso variabile di cinque anni è stato organizzato tramite Wells Fargo, Bank of America e Deutsche Bank per affiliati di RIDA Development e un fondo immobiliare di Ares Management.

Il resort vanta 315.000 piedi quadrati di spazi per meeting ed eventi ed è collegato direttamente al Centro Congressi della Contea di Orange. Offre sistemazioni spaziose, diverse opzioni di ristorazione e vari servizi. Situata su International Drive, la struttura è vicina alle principali attrazioni di Orlando, tra cui Walt Disney World e Universal Studios. Il prossimo parco a tema Epic Universe, previsto per aprire nel 2025, è a pochi minuti di distanza.

El grupo JLL Hotels & Hospitality ha asegurado un financiamiento para adquisición de 620 millones de dólares para el Hyatt Regency Orlando, un resort AAA Four Diamond con 1,641 habitaciones. El préstamo a tasa variable a cinco años fue gestionado a través de Wells Fargo, Bank of America y Deutsche Bank para afiliados de RIDA Development y un fondo de bienes raíces de Ares Management.

El resort cuenta con 315,000 pies cuadrados de espacio para reuniones y eventos y está directamente conectado al Centro de Convenciones del Condado de Orange. Ofrece alojamientos espaciosos, múltiples opciones de restaurantes y varias comodidades. Ubicado en International Drive, la propiedad está cerca de las principales atracciones de Orlando, incluyendo Walt Disney World y Universal Studios. El próximo parque temático Epic Universe, que abrirá en 2025, está a solo unos minutos.

JLL 호텔 & 환대 그룹은 6억 2천만 달러의 인수 자금 조달을 확보했습니다. 해당 자금은 하얏트 리젠시 올랜도를 위한 것으로, 1,641개의 객실을 갖춘 AAA 포 다이아몬드 리조트입니다. 변동 금리 5년 대출은 웰스 파고, 뱅크 오브 아메리카, 도이체 은행을 통해 RIDA 개발 및 Ares Management 부동산 펀드를 위한 타사들로부터 마련되었습니다.

이 리조트는 315,000 평방 피트의 회의 및 이벤트 공간을 자랑하며, 올랜도 카운티 컨벤션 센터와 직접 연결되어 있습니다. 넓은 숙소, 다양한 식사 옵션 및 여러 가지 편의 시설을 제공합니다. 국제 드라이브에 위치한 이 시설은 월트 디즈니 월드와 유니버설 스튜디오를 포함한 주요 올랜도 관광 명소와 가깝습니다. 2025년에 개장 예정인 에픽 유니버스 테마파크는 몇 분 거리에 있습니다.

Le groupe JLL Hotels & Hospitality a sécurisé un financement d'acquisition de 620 millions de dollars pour le Hyatt Regency Orlando, un complexe AAA Four Diamond de 1 641 chambres. Le prêt à taux variable sur cinq ans a été arrangé par Wells Fargo, Bank of America et Deutsche Bank pour le compte des affiliés de RIDA Development et d'un fonds immobilier d'Ares Management.

Le complexe propose 315 000 pieds carrés d'espace pour les réunions et événements et est directement relié au Centre des congrès du comté d'Orange. Il offre des hébergements spacieux, de nombreuses options de restauration et divers équipements. Situé sur International Drive, la propriété est proche des principales attractions d'Orlando, y compris le Walt Disney World et les Universal Studios. Le futur parc à thème Epic Universe, prévu pour ouvrir en 2025, se trouve à quelques minutes.

Die JLL Hotels & Hospitality Gruppe hat eine Akquisitionsfinanzierung in Höhe von 620 Millionen Dollar für das Hyatt Regency Orlando gesichert, ein AAA Four Diamond Resort mit 1.641 Zimmern. Das variabel verzinste Fünfjahresdarlehen wurde über Wells Fargo, Bank of America und Deutsche Bank für Tochtergesellschaften von RIDA Development und einen Immobilienfonds von Ares Management arrangiert.

Das Resort verfügt über 315.000 Quadratfuß an Meeting- und Veranstaltungsfläche und ist direkt mit dem Orange County Convention Center verbunden. Es bietet geräumige Unterkünfte, mehrere Gastronomiemöglichkeiten und verschiedene Annehmlichkeiten. Die Unterkunft liegt an der International Drive und in der Nähe der wichtigsten Attraktionen in Orlando, einschließlich Walt Disney World und Universal Studios. Der kommende Epic Universe Themenpark, der 2025 eröffnet werden soll, ist nur wenige Minuten entfernt.

Positive
  • Secured $620 million in acquisition financing for a major resort property
  • Strategic location near Orlando's top tourist attractions and convention center
  • Extensive meeting and event space (315,000 square feet) catering to business travelers
  • Proximity to upcoming Epic Universe theme park, potentially increasing future demand
Negative
  • None.

Insights

The $620 million acquisition financing for Hyatt Regency Orlando is a significant deal in the hospitality sector. This substantial investment indicates strong confidence in Orlando's tourism market and the convention center business. The five-year floating-rate loan structure suggests optimism about future interest rates and hotel performance.

The property's strategic location near major attractions and its direct connection to the second-largest convention center in the U.S. are key value drivers. The upcoming Epic Universe theme park could further boost demand. However, investors should consider potential risks such as economic downturns affecting tourism or shifts in business travel patterns impacting convention attendance.

This deal reflects robust investor interest in premium hospitality assets in prime tourist destinations. Orlando's tourism sector has shown resilience and growth potential, particularly with the new Epic Universe theme park set to open in 2025. The 1,641-key resort's size and amenities position it well to capture both leisure and business travelers.

The 315,000 square feet of meeting space and connection to the Orange County Convention Center align with trends favoring large-scale conference venues. However, investors should monitor changes in business travel and event hosting preferences post-pandemic, as these could impact the property's long-term performance in the convention sector.

JLL Hotels & Hospitality group arranged acquisition financing for the 1,641-key convention center resort near Orlando's top tourist attractions

ORLANDO, Aug. 19, 2024 /PRNewswire/ -- 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.

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.

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.

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."

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 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

About JLL

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 110,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.

Contact: Grace Lewis, JLL PR
Phone: +1 903 520 3478  
Email: grace.lewis@jll.com

 

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SOURCE JLL

FAQ

What is the value of the financing secured for Hyatt Regency Orlando (JLL)?

JLL Hotels & Hospitality group secured $620 million in acquisition financing for the Hyatt Regency Orlando.

How many rooms does the Hyatt Regency Orlando have (JLL)?

The Hyatt Regency Orlando is a 1,641-key resort property.

What is the duration and type of loan secured for Hyatt Regency Orlando (JLL)?

The loan secured is a floating-rate, five-year loan.

Which banks provided the financing for Hyatt Regency Orlando (JLL)?

The financing was provided by Wells Fargo, Bank of America, and Deutsche Bank.

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