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JLL Arranges $145M Refi for 997-Key Disney Area Hotel Portfolio
JLL has arranged a $145 million loan to refinance a 997-key portfolio of four newly developed, Marriott- and Hilton-branded hotels at the western gateway to Walt Disney World Resort.
JLL represented the borrower, Doradus Partners, and its affiliated management company Yedla Hotels, to secure the floating rate loan through Aareal Capital Corporation.
The portfolio in Winter Garden, FL is comprised of the 223-key Residence Inn by Marriott at 2111 Flagler Ave., the 273-key Fairfield Inn & Suites by Marriott at 631 Flagler Ave., the 272-key Home2 Suites by Hilton at 341 Flagler Ave. and the 229-key Homewood Suites by Hilton at 411 Flagler Ave.
The hotels opened between January 2021 and January 2022 immediately outside the western gate to the Walt Disney World Resort in the newly developed mixed-use Flamingo Crossings Town Center.
The JLL team was led by Senior Managing Director Gregg Shapiro and Senior Vice President Barnett Wu.