The Hyatt Regency Orlando, a premier AAA Four Diamond resort with 1,641 keys, has secured a substantial $620 million in acquisition financing. This funding, secured through a collaborative effort between JLL Hotels & Hospitality Group, Wells Fargo, Bank of America, and Deutsche Bank, will fuel the resort’s continued growth and expansion plans. The floating-rate, five-year loan was facilitated by JLL on behalf of RIDA Development Corporation and an Ares Management Real Estate fund.
The Hyatt Regency Orlando, located at 9801 International Drive, is known for its spacious accommodations, including guest rooms averaging 453 square feet and suites averaging a generous 846 square feet. Each room features luxurious amenities such as marble-accented bathrooms, sleeper sofas, mini-fridges, and 65-inch streaming TVs. Guests have access to an array of amenities, including six dining options, a 24-hour fitness center, tennis courts, a spa, and an outdoor pool. The resort also boasts 315,000 square feet of meeting and event space, making it an ideal destination for conferences and large gatherings. It has three direct connections to the Orange County Convention Center (OCCC), the second-largest convention center in the United States.
Hyatt Regency Orlando benefits from its prime location in Orlando, providing easy access to top attractions like Walt Disney World and Universal Studios, both within a 15-minute drive. The resort is also strategically positioned near Universal Orlando’s upcoming Epic Universe, the largest theme park in the United States, scheduled to open in 2025. This strategic location will further enhance the resort’s appeal to visitors and drive growth in the future.
JLL Hotels & Hospitality Group played a crucial role in securing this significant financing, with a team led by Americas CEO Kevin Davis, Managing Director Mike Huth, and Senior Director Barnett Wu. Davis expressed his enthusiasm about the partnership with RIDA, Ares, and Hyatt, stating, “We are pleased to have worked together with RIDA, Ares, and Hyatt in this transaction. We enjoyed working with the sponsors in their strategic vision for the future of the Orlando convention district and look forward to continuing to work with all the stakeholders in the future.”
JLL Hotels & Hospitality Group has established itself as a leader in the industry, completing more transactions than any other real estate advisor in the hotels and hospitality sector over the past five years, totaling $83 billion worldwide. The group’s global team, comprised of 370 professionals across more than 20 countries, has successfully handled over 7,350 advisory, valuation, and asset management assignments. JLL’s comprehensive services in hotel valuation, brokerage, asset management, and consultancy have enabled numerous hotel investors, owners, and operators to maximize returns on their assets.
