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4040 Central Florida Parkway

Trinity Investments Refinances Grande Lakes Orlando Resort For $750M
FINANCEDHotel

Trinity Investments Refinances Grande Lakes Orlando Resort For $750M

4040 Central Florida Parkway

$750,000,000

Building Size

Asset Type

Hotel

Closing

Oct 18, 2023

AI

The Grande Lakes Orlando Resort, located at 4040 Central Florida Parkway in Orlando, has secured a $750 million refinancing through a joint venture led by Trinity Investments. The resort, which underwent a $118 million renovation, offers 1,592 keys and spans across 409 acres. It features The Ritz-Carlton and JW Marriott, and has become a prominent destination within the Marriott system, attracting visitors with enhanced amenities. The refinancing was made possible through a floating-rate CMBS loan.

Summary of transaction details

  • Property Type: Hotel
  • Transaction Amount: $750,000,000
  • Keys: 1,592
  • Acres: 409
  • Address: 4040 Central Florida Parkway - Grande Lakes Orlando
  • Market: Orlando

The joint venture, led by Trinity Investments, successfully completed the $118 million renovation of the Grande Lakes Orlando Resort. As a result, the resort has gained prominence within the Marriott system and has become a top destination. Trinity Investments, represented by Sean Hehir, secured the $750 million refinancing with a floating-rate CMBS loan.

Players

Sean Hehir

Trinity Investments

Landlord

$2.2B

vol

3 deals

Landlord

Orlando 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

0.02%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93