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1,641-Room Hyatt Regency Orlando Trades for $1.07B
Hyatt has completed the sale of the 1,641-room Hyatt Regency Orlando and adjacent 45 acres of land to RIDA Development Corporation and an Ares Management Real Estate fund (“Ares”) for approximately $1.07 billion while retaining a long-term management agreement under the Hyatt Regency brand. In connection with the transaction, Hyatt retained $265 million of non-controlling preferred equity and provided an additional $50 million of seller financing for the adjacent 45-acre parcel.
JLL Hotels & Hospitality Group secured $620 million in acquisition financing for RIDA and Ares.
Hyatt Regency Orlando is the fourth largest Hyatt hotel globally by room count. It has 1,641 rooms and 315,000 square feet of flexible event space. The hotel welcomes more than one million guests and attendees on average per year.
The sale of Hyatt Regency Orlando is part of Hyatt’s capital allocation strategy to sell owned hotels and reinvest proceeds in asset-light platforms that accelerate growth and exceed Hyatt’s expanded $2 billion asset-disposition commitment announced in 2021.
- ◦Sale/Acquisition
- ◦Financing
