News release

Upscale resort near Walt Disney World® trades for approximately $121M

JLL’s Hotels & Hospitality Group closed the sale of Wyndham Grand Orlando Resort Bonnet Creek

April 27, 2022

Cierra Lacasse

Hotels & Hospitality and Capital Markets
+ 1602 648 8701

ORLANDO, April 27, 2022 – JLL’s Hotels & Hospitality Group announced today that it has closed the $121 million sale of Wyndham Grand Orlando Resort Bonnet Creek, a 400-key, upscale resort, bordering Walt Disney World® in Orlando, Florida.

JLL marketed the property on behalf of the seller, Wyndham Hotels & Resorts (NYSE: WH). A joint venture between Tishman Realty and Cross Lake Partners acquired the asset.

Wyndham Grand Resort Orlando Bonnet Creek features 50,000 square feet of flexible event space, including three ballrooms, it shares six pools and two lazy rivers with the neighboring timeshare complex, has a spa with six private treatment rooms, a jogging trail, fitness center and a shuttle service to Walt Disney World. Additionally, the resort offers six food and beverage venues, including Deep Blu Seafood Grille & Sushi, Back Bay Bar & Grill, Tesoro Cove Family Fare and Bar 1521.

Situated on 7.3 acres in Bonnet Creek, a private development of four hotels bordered by Walt Disney World® on three sides, the resort is within two miles of Disney’s Hollywood Studios, Epcot and the entertainment and retail emporium at Disney Springs.

The JLL Hotels & Hospitality team working on behalf of the seller was led by Managing Director Andrew Dickey and Senior Vice President Christopher Exler.

“We’re thrilled with the result for our client, having delivered on a key strategic objective for them while transitioning a phenomenal piece of real estate to an excellent steward in Tishman,” said Exler. “With Disney World breaking all-time revenue records and the overall leisure thesis within hotel real estate, we expect the Orlando market to increasingly come into focus for investors.”

JLL’s Hotels & Hospitality Group has completed more transactions than any other hotels and hospitality real estate advisor over the last five years, totaling $83 billion worldwide. The group’s 350-strong global team in over 20 countries also closed more than 7,350 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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About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 98,000 as of December 31, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.

About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company by the number of properties, with over 8,900 hotels across over 95 countries on six continents.  Through its network of over 813,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry.  The Company operates a portfolio of 22 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, Trademark Collection® and Wyndham®.  The Company’s award-winning Wyndham Rewards loyalty program offers approximately 94 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally.  For more information, visit www.wyndhamhotels.com.  

About Tishman Realty

Tishman Realty is a vertically integrated real estate owner, operator, developer and advisor with a current portfolio of more than 5.5 million square feet. Tishman Realty is comprised of a diversified staff of experienced real estate, financial and hotel management specialists, and is complemented by a technical staff of architects, engineers and construction management professionals. Tishman Realty typically manages all components of its projects and acquisitions, from feasibility, design, budgeting, financing and development management to ongoing property and asset management. Tishman Realty has developed, managed and advised on more than 35 million square feet of all types of real estate - including more than 50,000 hotel rooms, plus convention centers, retail, residential and office.

About Cross Lake Partners LP

Cross Lake Partners is an independent, privately held real estate investment firm based in New York City with approximately $1 billion in assets under management. The founders have worked together since 2004 and collectively have more than 50 years of real estate investing experience across a broad array of real estate asset classes. Over their careers, the founders of Cross Lake have led real estate transactions with an aggregate asset value in excess of $20 billion. Cross Lake pursues a value driven, disciplined approach to investing in the top 30 growth markets of the U.S. For more information, please visit www.crosslakepartners.com.