Upscale resort near Walt Disney World® is trading for around $121 million
ORLANDO, April 27, 2022 – JLL’s Hotels & Hospitality Group announced today that it has completed the $121 million sale of the Wyndham Grand Orlando Resort Bonnet Creek, an upscale, 400-key resort on the edge of Walt Disney World® in Orlando , in Florida.
JLL marketed the property on behalf of the seller, Wyndham Hotels & Resorts (NYSE: WH). A joint venture between Tishman Realty and Cross Lake Partners acquired the asset.
The Wyndham Grand Resort Orlando Bonnet Creek has 50,000 square feet of flexible event space, including three ballrooms, it shares six pools and two lazy rivers with the neighboring timeshare resort, has a spa with six treatment rooms private homes, jogging track, fitness center and shuttle service to Walt Disney World. Additionally, the resort offers six food and beverage venues, including Deep Blu Seafood Grille & Sushi, Back Bay Bar & Grill, Tesoro Cove Family Fare, and Bar 1521.
Located on 7.3 acres in Bonnet Creek, a private four-hotel development bordered by Walt Disney World® on three sides, the resort is less than two miles from Disney’s Hollywood Studios, Epcot and the Entertainment Emporium and Disney Springs retail.
The JLL Hotels & Hospitality team working on behalf of the seller was led by Managing Director Andrew Dickey and Senior Vice President Christopher Exler.
“We are thrilled with the outcome for our client, having achieved a key strategic goal for him while transitioning from phenomenal real estate to excellent steward in Tishman,” said Exler. “With Disney World smashing all-time revenue records and the overall leisure thesis in hotel real estate, we expect the Orlando market to increasingly be the focus of investor concern.”
JLL’s Hotels & Hospitality Group has completed more transactions than any other hotel and hospitality real estate adviser in the past five years, totaling $83 billion worldwide. The group’s global team of 350 people in more than 20 countries has also carried out more than 7,350 advisory, valuation and asset management assignments. Our hotel valuation, brokerage, asset management and advisory services have helped more hotel investors, owners and operators achieve high returns on their assets than any other real estate advisor in the world .
For more JLL news, videos and research resources, please visit our newsroom.