Berkadia Completes Sale of Hotel in Orlando, Florida
Orlando, FL – August 16, 2022 – Berkadia announced today the sale of Homewood Suites Orlando Airport, a 128-bed hotel in Orlando, Florida. Managing Director Preston Reid, Senior Director Wyatt Krapf and Managing Director Michael Weinberg of Berkadia Hotels and Hospitality completed the sale on behalf of the seller, Tampa-based McKibbon Hospitality. The transaction closed on August 12.
“This hotel received more interest than any transaction we have worked on in 2022,” said Reid. “The buyer plans to execute a full-scale renovation, which will enable this asset to continue to thrive in this dynamic submarket.”
Located at 5425 Gateway Village Circle, the hotel has 128 guestrooms and is conveniently located near dozens of restaurants and retailers and is only 16 miles away from Disney World. Hotel amenities include an outdoor pool, complimentary airport shuttle, sport court, fitness center and business center.
Berkadia Hotels & Hospitality combines best-in-industry innovation, knowledge and experience with the most comprehensive suite of products and services, backed by relentless customer service and support to empower clients to capitalize on the right opportunities at the greatest value. The group serves clients across the country, offering a full set of advisory, investment sales, underwriting and loan origination services and products including Life Company, Proprietary Bridge Lending and Capital Markets Advisory Services.