SCHAUMBURG, Ill.—Hostmark Hospitality Group has added Lake Eve Resort, an all-suite luxury hotel in Orlando, Florida, to its Southeast region of operated assets. Acquired in a joint venture with The Arden Group and Eightfold Real Estate Capital, the 364-bedroom resort is the sixth Hostmark property in the state of Florida. The joint venture is investing a total of $24 million, which will include upgrades to the guest rooms, lobby, exterior lighting and signage, and expanding the pool area with a new children’s water park.
The hotel offers one-, two-, and three bedroom suites with private balconies, fully equipped kitchens and dining areas, and complimentary wireless high speed Internet. Onsite facilities include the Siddhi Bar and Grill, a heated pool, hot tub, fitness center, sauna, game room, and complimentary shuttle service to theme parks and attractions.
Lake Eve Resort’s new general manager, Jerry Barnes, brings Orlando expertise and a strong operational background to the position. With over twenty years of experience in hospitality management, he previously headed successful teams at Crowne Plaza Orlando Downtown, Holiday Inn-Orlando North, and Crowne Plaza International Drive.
In an announcement, Jerome F. Cataldo, president of Hostmark Hospitality Group, commented, “The Hostmark team is looking forward to working with The Arden Group and Eightfold, contributing increased asset value through effective operation of Lake Eve Resort. Hostmark has extensive experience in the Orlando market, and Lake Eve Resort is an exquisite addition to Hostmark’s resort management portfolio, as well as a competitive presence with great upside potential in the Orlando hospitality market.”