Srinath Yedla Of Doradus Partners Secures $150 Million Bridge Loan For Hotel Portfolio In Winter Garden

The transaction involves a hotel portfolio consisting of four properties located at 2111 Flagler Avenue, 631 Flagler Avenue, 341 Flagler Avenue, and 411 Flagler Avenue in Winter Garden, FL. The total number of keys across these hotels is 997, with the refinancing carried out through a senior bridge loan valued at $150 million.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $150,000,000
• Landlord: Srinath Yedla - Doradus Partners
• Originators: Jared Schlosser & Greg Friedman - Peachtree Group
• Broker: JLL
• Market: Winter Garden, FL
• Occupancy Rate: Nearly 89%

This refinancing marks the fourth transaction between Peachtree Group and Doradus Partners, reflecting a continued collaboration in the hospitality sector. The loan replaces the existing debt on these recently developed hotels, evidenced by their solid occupancy performance.