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$145M refinancing secured for 997-key hotel portfolio in Orlando

JLL arranged the refinancing for four newly developed hotels in Florida


ORLANDO – WEBWIRE

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 at the western gateway to 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 located at 2111 Flagler Ave.

-†††††† The 273-key Fairfield Inn & Suites by Marriott located at 631 Flagler Ave.

-†††††† The 272-key Home2 Suites by Hilton located at 341 Flagler Ave.

-†††††† The 229-key Homewood Suites by Hilton located at 411 Flagler Ave.

The four Marriott- and Hilton-branded hotels were recently opened between January 2021 and January 2022 and boast an exceptional location immediately outside the western gate to the Walt Disney World Resort, providing guests with convenient 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 premier location provides the hotels with compelling competitive advantages, relative to other hotels in the Orlando lodging market. Orlando has historically had one of the most robust tourism markets in the United States boasting a tourism economy that would bring in $75 billion on average every year.

The JLL team was led by Senior Managing Director Gregg Shapiro and Senior Vice President Barnett Wu.

JLLís Hotels & Hospitality Group has completed more transactions than any other hotels and hospitality real estate advisor over the last five years, totalling $83 billion worldwide. The groupís 370-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.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firmís in-depth local market and global investor knowledge delivers the best-in-class solutions for clients ó whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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About Doradus Partners

Doradus Partners is a privately held, boutique real estate development firm with offices in Huntsville, Alabama and Orlando, Florida.† Doradus was established to introduce well-branded, high-quality select service and lifestyle hotels into urban-infill or mixed-use settings in the Southeastern United States.† Currently, Doradus is working on a dynamic portfolio of hospitality and multifamily projects with a development pipeline that leverages deep relationships in strategic locations within its primary markets.† Doradus Partners was founded by Srinath Yedla in 2016 to meet the growing demand from investors for nationally branded hotels and benefit from its affiliation with the award winning Yedla Management Company. For more information, please visit†www.doraduspartners.com.

About JLL

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $20.9 billion and operations in over 80 countries around the world, our more than 103,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit†jll.com.


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