Kawa Acquires 434-Room Hotel In Kissimmee For $16.4M

An affiliate of Kawa has acquired the ground lease of a seven-story, 434-room hotel located at 3011 Maingate Lane in Kissimmee, Florida. The transaction, brokered by Jose Sasson and Roberto Susi of Axiom Capital Advisors, closed on January 22, 2021. The property, situated on over 16 acres of land, is less than 10 miles from Walt Disney World and features 30,000 square feet of conference space. Upon completion of renovations, the hotel will be rebranded as a Wyndham. Additional amenities include a top golf entertainment center, a full Starbucks store, and a modern indoor children's playground.

Summary of transaction details:

• Property Type: Hotel
• Sale Price: $16,363,000
• Address: 3011 Maingate Lane, Kissimmee
• Market: Kissimmee
• Rooms: 434
• Buyer: An affiliate of Kawa
• Seller: An affiliate of AD1 Global
• Brokers: Jose Sasson & Roberto Susi - Axiom Capital Advisors
• Acres: 16
• Price per Acre (PPA): $1,022,688

This off-market transaction represents a significant investment by Kawa, positioning the company to capitalize on the tourism industry in the Kissimmee market. Jose Sasson and Roberto Susi played a pivotal role as the brokers from Axiom Capital Advisors, facilitating the deal between the acquiring party and the selling entity, an affiliate of AD1 Global.