PACE Loan Group Provides $32.2 Million Loan For Hyatt House Development In Orlando

The property asset involved in this transaction is a 274-room Hyatt House extended-stay hotel located at 6469 Westwood Boulevard in Orlando. The transaction includes a C-PACE loan amounting to $32.2 million aimed at funding energy-efficient systems within the hotel.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $32,200,000
• Address: 6469 Westwood Boulevard
• Market: Orlando
• Asset Type: Hotel
• Lender: PACE Loan Group
• Landlord: Allen Gross - GFI Hospitality; Francis Lively - LCP Group
• Keys: 274

Key individuals involved in this deal include Allen Gross representing GFI Hospitality and Francis Lively representing LCP Group. The hotel will be operated by Crescent Hotels and is designed to feature full kitchens in 60% of its rooms, along with direct access to the Orange County Convention Center.