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Winter Garden

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

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

Barnett Wu

JLL

Broker

$649.1M

vol

5 deals

Broker
Aareal Capital Corporation
Aareal Capital CorporationLender

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