JLL Hotels & Hospitality Group Secures $620M In Acquisition Financing For Hyatt Regency Orlando, Florida
Portfolio Pulse from Benzinga Newsdesk
JLL Hotels & Hospitality Group has secured $620 million in acquisition financing for the Hyatt Regency Orlando. The financing was arranged for RIDA Development Corporation and an Ares Management Real Estate fund, with Wells Fargo, Bank of America, and Deutsche Bank providing the loan. The Hyatt Regency Orlando is a large resort with extensive amenities and proximity to major attractions.
August 19, 2024 | 4:57 pm
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Hyatt Regency Orlando, a key property under the Hyatt brand, has secured $620 million in acquisition financing, enhancing its strategic position near major attractions.
The acquisition financing strengthens Hyatt Regency Orlando's financial position and its appeal as a major hospitality player near key tourist attractions, potentially increasing its revenue and brand value.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
JLL Hotels & Hospitality Group successfully arranged $620 million in acquisition financing for Hyatt Regency Orlando, showcasing its strong capabilities in securing large-scale financing deals.
JLL's role in securing significant financing for a major hotel property underscores its expertise and leadership in the real estate financing sector, likely enhancing its reputation and business prospects.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90