Joel Rosenburg Acquires Hotel In Orlando From Alamnda Investments For $16M

The sale of a hotel property located at 7050 South Kirkman Road in Orlando has been completed. The transaction took place on July 22, 2021. The property, situated at the corner of I-Drive and Kirkman Rd, spans 9 acres and is positioned in the heart of the Disney and Hotel corridor.

Summary of Transaction Details

• Property Type: Hotel
• Transaction Amount: $16,000,000
• Address: 7050 South Kirkman Road, Orlando
• Market: Orlando

The buyer of the property is Joel Rosenburg, while the seller is Alamnda Investments represented by Helen Kwok. The transaction was facilitated by the real estate brokerage firm glasBridge Real Estate, with Alan Lilly and Travis Sawchuk serving as the brokers involved in the deal.

The 355-room hotel on the property is currently undergoing redevelopment by Joel Rosenberg, a New York-based investor. As part of the redevelopment, the rooms are contracted to be remodeled into suites, one-bedroom, and two-bedroom rentals. Additionally, there is a commercial opportunity for up to 30,000 square feet of space at the front of the property, which can be customized to accommodate future tenants.

glasBridge LLC, the selling brokerage, not only facilitated the transaction but also continues to act as the owner's representatives for the property.