Holiday Inn & Suites Across from Universal Orlando sold
JLL arranged the sale of the Orlando hotel to InSite Group
ORLANDO, January 27, 2020 – JLL Hotels & Hospitality announced today that it has closed the sale of the 390-room Holiday Inn & Suites Across from Universal Orlando on behalf of the seller, AVR Realty Company.
Senior Managing Director Gregory Rumpel and Vice President Zayli Rodriguez led the JLL team on the transaction. The hotel was sold to InSite Group unencumbered of an existing management agreement.
Situated at 5905 South Kirkman Road between Interstate 4 and Universal Orlando Resort attractions, the Holiday Inn & Suites is directly across from Universal Orlando Resort, the second-largest resort market in Greater Orlando and one of the most visited destinations in the world. The hotel is proximate to the Orange County Convention Center, 20 minutes from the Orlando International Airport and a 12-minute drive to Walt Disney World Resort. Holiday Inn & Suites Across from Universal Orlando features an outdoor heated pool with a large patio area and separate children’s pool, a 24-hour fitness center and business center, an onsite TGI Friday’s restaurant and 13,000 square feet of meeting and event space.
“Despite Orlando’s continuous influx of new supply, the Holiday Inn & Suites Across from Universal Orlando has demonstrated impressive historical operating performance with resilient cash flows,” Rodriguez said. “Upon completion of the hotel’s refurbishment plan, the property will be well-positioned to capitalize on the immense growth and the substantial investments being made in the market.”
Orlando is one of the most visited destinations in the world with a record of more than 75 million visitors annually. In the United States, Orlando is the second-largest lodging market and the #1 most visited destination in the country.
JLL’s Hotels & Hospitality Group has completed more transactions than any other hotels and hospitality real estate advisor over the last five years, totaling more than $63.2 billion worldwide. The group’s 350-strong global team in over 20 countries also closed more than 5,420 advisory, valuation and asset management assignments. Our hotel valuation, brokerage, asset management, and consultancy services have helped more hotel investors, owners and operators achieve high returns on their assets than any other real estate advisor in the world.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of more than 93,000 as of September 30, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.