MIAMI—The Holiday Inn Resort Lake Buena Vista, a 503-room hotel in Orlando, has sold. Vista Hospitality Company sold the hotel to ROCH Capital free and clear of debt. Financial terms of the deal were not disclosed.
According to Real Capital Analytics, this is the largest hotel sale brokered in Orlando in 2014. The hotel is part of a three-property portfolio HFF is marketing on behalf of Vista that also includes the Crowne Plaza Orlando Downtown (which is currently on the market) and the Holiday Inn Express & Suites Fort Lauderdale, which closed in March.
“The seller underwent a massive renovation to convert this asset from exterior to interior corridors,” HFF director Michael Weinberg tells GlobeSt.com. “This process was unique and gave them a product offering that exceeds the expectations of guests with oversized rooms relative to the competition. Customers love it!”
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