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JLL Secures $145M Loan To Refinance Winter Garden Hotel Portfolio With Aareal Capital Corp

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FINANCED
$145,000,000

Florida

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Hotel
Financed 07/18/2023
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FINANCED

JLL Secures $145M Loan To Refinance Winter Garden Hotel Portfolio With Aareal Capital Corp

Winter Garden

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Hotel
Financed 07/18/2023
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Summary

FLORIDA
Asset Type:Hotel
Transaction Type:Loan

The property involved in this transaction is a four-property hotel portfolio located in Winter Garden, near Orlando. The hotels include Residence Inn by Marriott, Fairfield Inn & Suites by Marriott, Home2 Suites by Hilton, and Homewood Suites by Hilton. These hotels offer a total of 997 rooms and are situated close to the Walt Disney World Resort. The loan, provided by Aareal Capital Corp., is being used to refinance the portfolio.

Summary of transaction details

  • Property Type: Hotel
  • Transaction Amount: $145,000,000
  • Keys: 997
  • Market: Winter Garden
  • Lender: Aareal Capital Corp.
  • Landlord: Doradus Partners & Yedla Hotels
  • Brokers: Gregg Shapiro & Barnett Wu - JLL

JLL played a key role in securing the $145 million loan from Aareal Capital Corp. to refinance the four-property hotel portfolio in Winter Garden. The brokers involved in the deal were Gregg Shapiro and Barnett Wu from JLL. The hotels are owned by Doradus Partners and Yedla Hotels, who are the landlords in this transaction. With this loan, the portfolio will be able to optimize its financial position and continue providing quality accommodations to visitors near the Walt Disney World Resort.

Players

Barnett Wu
5 deals$649.1M volume
BROKER

Gregg Shapiro
JLL
8 deals$424.1M volume(404) 924-2208
BROKER

Aareal Capital Corporation
LENDER

Details

FINANCED
IMAGE: Barnett Wu & Gregg Shapiro DATE: 07/18/2023 ADDRESS: 2111 Flagler Avenue - Residence Inn by Marriott, 631 Flagler Avenue - Fairfield Inn & Suites by Marriott & 341 Flagler Avenue - Home2 Suites by Hilton & 411 Flagler Avenue - Homewood Suites by Hilton MARKET: Winter Garden ASSET TYPE: Hotel ~ KEYS: 997 LENDER: Aareal Capital Corp. LANDLORD: Doradus Partners & Yedla Hotels BROKERS: Gregg Shapiro & Barnett Wu - JLL (@JLL) LOAN AMOUNT: $145,000,000 LOAN TYPE: Refinance NOTE: JLL has secured a $145 million loan through Aareal Capital Corp. to refinance a four-property hotel portfolio in Winter Garden, near Orlando. The hotels, comprising nearly 1,000 rooms, include Residence Inn, Fairfield Inn & Suites, Home2 Suites, and Homewood Suites, and are located close to Walt Disney World Resort.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$145,000,000.00

Monthly NOI$966,666.67
Monthly Debt Service$916,498.63
Change in Cash Flow$0.00
Refinance Proceeds$0.00