JLL Secures $145M Loan To Refinance Winter Garden Hotel Portfolio With Aareal Capital Corp
Winter Garden
$145,000,000
Building Size
—
Asset Type
Hotel
Closing
Jul 18, 2023
AI
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
Miami Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93