One Stop Housing Acquires Property In Orlando For $7.1 Million With Glen Jaffee As Seller's Rep

The Ambassador Hotel, a 155-room hotel located at 929 W. Colonial Drive in Orlando, was sold for $7,100,000.00. This property is positioned in the Orlando market and will be converted to an affordable housing community by the buyer, One Stop Housing. The scheduled construction will commence this year, transforming the hotel into a facility featuring a mix of studio, one-, and two-bedroom apartments.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $7,100,000.00
• Address: 929 W Colonial Dr, Orlando, FL, 32804
• Market: Orlando
• Buyer: One Stop Housing
• Seller: Sammy Investments Orlando
• Seller's Representative: Glen Jaffee-Cushman & Wakefield

Glen Jaffee of Cushman & Wakefield represented the seller in this transaction and successfully procured the buyer. The Orlando City Council approved zoning for the redevelopment of the Ambassador Hotel into an affordable housing community in late July, marking this as the eighth hotel conversion project for One Stop Housing.