Finance & DevelopmentJLL Arranges Refinancing Loan for Four Orlando Properties

JLL Arranges Refinancing Loan for Four Orlando Properties

ORLANDO—JLL announced that it arranged a $145 million loan to refinance a 997-key portfolio of four newly developed, Marriott- and Hilton-branded select-service hotels located at Flamingo Crossings Town Center, located near Walt Disney World Resort in Orlando, Florida.

JLL represented the borrower, Doradus Partners, and its affiliated management company Yedla Hotels, to secure the $145 million floating rate loan through Aareal Capital Corporation.

The four-property portfolio is comprised of the following hotels in Winter Garden, Florida:

  • The 223-key Residence Inn by Marriott
  • The 273-key Fairfield Inn & Suites by Marriott
  • The 272-key Home2 Suites by Hilton
  • The 229-key Homewood Suites by Hilton

The four Marriott- and Hilton-branded hotels were recently opened between January 2021 and January 2022 and are located outside the western gate to the Walt Disney World Resort, providing guests with access to the theme park. The hotels sit adjacent to one another in the newly developed Flamingo Crossings Town Center, a mixed-use commercial district master planned by Walt Disney World.

This location provides the hotels with advantages relative to other hotels in the Orlando lodging market. The JLL team was led by Senior Managing Director Gregg Shapiro and Senior Vice President Barnett Wu.