Holiday Inn Resort Lake Buena Vista Sold
- Jun 20, 2014
ROCH Capital has recently acquired the Holiday Inn Resort Lake Buena Vista from Vista Hospitality Company. The new owners commissioned Portfolio Hotels to manage the asset.
The 503-room hotel in Orlando changed hands with HFF acting on behalf of the seller in the transaction and the investment sales team was led by director Michael Weinberg along with director Max Comess. Michael Weinberg sees an upswing in hotel investments in the form of both debt and equity capital.
“There just isn’t enough supply of transactions on the market to meet the demand which is creating competition from buyers and lenders,” he says.
As reported by a written announcement released by Holliday Fenoglio Fowler, ROCH Capital purchased the asset free and clear of debt.
Located at 13351 S. Apopka Vineland Road in the southwestern region of Orlando, the hotel is in the immediate vicinity of Walt Disney World Resort, proximate to SeaWorld Orlando and has Universal Orlando Resorts and Orlando International Airport within easy reach. Its amenities include 7,000 square feet of meeting space, a resort-style outdoor swimming pool, a new Applebee’s Neighborhood Grill & Bar, as well as a fitness center, basketball court, children’s club, gift shop and business center. It offers a wide range of suites from traditional guest rooms to junior and kids’ units and also a presidential suite.
The hotel is part of a three-property portfolio including the Holiday Inn Express & Suites Fort Lauderdale that was sold in March, respectively Crowne Plaza Orlando Downtown which is still on the market. According to Real Capital Analytics, the sale of Holiday Inn Resort Lake Buena Vista was the largest hotel transaction brokered this year in Orlando.
Photo courtesy of Holiday Inn Resort Lake Buena Vista via PH Lake Buena Vista