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10100 Dream Tree Blvd, Orla...

Host Hotels & Resorts Inc. Acquires Four Seasons Orlando Resort For $610M
SOLDHotel

Host Hotels & Resorts Inc. Acquires Four Seasons Orlando Resort For $610M

10100 Dream Tree Blvd, Orlando, FL, USA

$610,000,000

Building Size

Asset Type

Hotel

Closing

May 3, 2021

AI

The Four Seasons Orlando resort, located within Walt Disney World in Orlando, was sold for a record-breaking sale price of $610,000,000. The property is situated at 10100 Dream Tree Blvd and is classified as a Hotel/Resort. The transaction took place on 05/04/2021.

Summary of Transaction Details:

  • Property Type: Hotel/Resort
  • Transaction Amount: $610,000,000
  • Address: 10100 Dream Tree Blvd
  • Market: Orlando

The seller of the property was Four Seasons Hotels, Dune Real Estate Partners, and Silverstein Properties Inc. On the other hand, the buyer was Host Hotels & Resorts Inc. The sale of the Four Seasons Orlando resort set a new record with an impressive sale price of $610,000,000.

Notably, Four Seasons purchased the land from Disney in 2008 and later brought on Silverstein Properties and Dune RE Partners in 2011 as development partners. Despite the ownership change, Four Seasons retains a 30% ownership stake and full operational control over the resort. This transaction marks a significant milestone in the Orlando hotel industry, surpassing the previous record sale for hotels in the area. Trinity Real Estate Investments and Elliott Management Corporation held the previous record with their purchase of the Grande Lakes Orlando Resort for $620,000 per key, amounting to $900,000,000 in 2018.

This sale showcases the high demand and value of the Four Seasons Orlando resort, achieving an impressive price of approximately $1.4 million per key. With its prime location within Walt Disney World, luxurious amenities, and Four Seasons' renowned reputation, the property proves to be an appealing investment in the thriving Orlando market.

Players

Silverstein Properties
Silverstein PropertiesSeller

Orlando Hotel Market Snapshot

Boundary boundary · Hotel · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.03%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93