ORLANDO—The Crowne Plaza Orlando-Downtown hotel has won the confidence of investors. Vista Group of Companies has secured a $13.5 million loan for the 227-room hotel in Downtown Orlando.
HFF represented the borrower. HFF director Michael Weinberg and real estate analysts Cecily Nazario and Alexandra Lalos led the charge.
“Orlando is a hot hotel market right now due to the strong RevPar growth we have witnessed over the past several years,” Weinberg tells GlobeSt.com. “This property has seen significant growth in NOI due to improving market fundamentals and disciplined management which made the lender very comfortable.”
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