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Investor Duo Obtains $735M Refi for 3 Disney World-Area Hotels
JLL’s Hotels & Hospitality group arranged a new $735 million, five-year, floating-rate SASB CMBS term loan to refinance The Walt Disney World Swan, Walt Disney World Dolphin and Walt Disney World Swan Reserve (collectively, “Swan & Dolphin Resort”), a 2,619-key resort situated directly adjacent to the theme parks within Walt Disney World in Lake Buena Vista, Florida.
JLL represented a joint venture between Tishman Hotel & Realty and MetLife Investment Management (MIM). Wells Fargo, Bank of America and Goldman Sachs were the lenders.
Located adjacent to Walt Disney World’s Epcot and Hollywood Studios theme parks, the Swan & Dolphin Resort is the only non-Disney-owned hotel on the park’s grounds. Built by Tishman and MIM and opened in 1989 / 1990 and 2021, the Resort consists of three Marriott-branded hotels: the 756-key Swan (Sheraton), the 1,514-key Dolphin (Westin) and the 349-key Swan Reserve (Autograph Collection).
The JLL team was led by Hotels & Hospitality Group Americas Kevin Davis, Mark Fisher and Caleigh O’Connell.
- ◦Financing
