Disney Resort Lands $735M CMBS Refi
The 2,619-key resort is the only non-Disney owned hotel located on the grounds of Walt Disney World.
Tishman Hotel & Realty and MetLife Investment Management have secured a $735 million, five-year, floating-rate SASB CMBS term loan to refinance The Walt Disney World Swan, Walt Disney World Dolphin and Walt Disney World Swan Reserve – a 2,619-key resort adjacent to the theme parks within Walt Disney World in Lake Buena Vista, Fla.
JLL’s Hotels & Hospitality group represented the borrowers in the transaction. Wells Fargo, Bank of America and Goldman Sachs were the lenders.
The JLL team was led by Hotels & Hospitality Group Americas CEO Kevin Davis, Managing Director Mark Fisher and Analyst Caleigh O’Connell.
“The Swan & Dolphin Resort SASB CMBS loan priced at the tightest pricing levels seen for hotels since 2021,” according to Davis.
The resort is the only non-Disney owned hotel located on the grounds of Walt Disney World. It consists of three Marriott branded hotels – the 756-key Swan (Sheraton), the 1,514-key Dolphin (Westin) and the 349-key Swan Reserve (Autograph Collection).