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1200 Epcot Resorts Boulevard

JLL Secures $735M Refinance Loan For Walt Disney World Resort In Orlando
FINANCEDHotel

JLL Secures $735M Refinance Loan For Walt Disney World Resort In Orlando

1200 Epcot Resorts Boulevard, 1255 Epcot Resorts Boulevard & 1500 Epcot Resorts Boulevard

$735,000,000

Building Size

Asset Type

Hotel

Closing

May 10, 2024

AI

The Walt Disney World Swan and Dolphin Resort is a sprawling hotel complex located at 1200, 1255, and 1500 Epcot Resorts Boulevard in Orlando, Florida. The property consists of two hotels with a total of 2,619 rooms. The recently closed loan transaction involves a refinancing deal amounting to $735,000,000 with a five-year floating-rate term. Wells Fargo, Bank of America, and Goldman Sachs are the lenders involved in the transaction. The landlords of the property are John Vickers from Tishman Hotel & Realty and John D. McCallion from MetLife Investment Management.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $735,000,000
  • Market: Orlando
  • Loan Type: Refinance
  • Keys: 2,619

JLL's Hotels & Hospitality group, represented by Caleigh O'Connell, Kevin Davis, and Mark Fisher from JLL, facilitated the $735 million CMBS term loan for the Swan & Dolphin Resort. This financing was secured on behalf of a joint venture between Tishman Hotel & Realty and MetLife Investment Management. The successful stewardship of Tishman and MIM in Orlando's hospitality market, along with the resort's strong cash flows and unique competitive position, contributed to the confidence shown by the lenders. JLL's Hotels & Hospitality Group is renowned for its global reach and expertise in hotel real estate transactions and advisory services worldwide.

Players

Kevin Davis

JLL

Broker

$3B

vol

22 deals

Broker
Bank of America
Bank of AmericaLender

Orlando Hotel Market Snapshot

Boundary boundary · Hotel · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.02%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93