Purchasers of the Hotel will be able to assume roughly $12.6 million in low interest rate CMBS debt with +/-5 year of term remaining.

The Property is a part of the “Orlando Market” which is (1) the most sought-after leisure destination in the world and (2) a place where hotel supply growth will likely continue to lag demand, especially in light of a surge in demand associated with the opening of Epic Universe in 2025.

Hotels within the Orlando International Airport submarket are the beneficiaries of unprecedented economic growth in all aspects of the region’s transportation industry, including (1) air travel (Orlando International Airport), (2) cruise line activity (Port Canaveral) and rail transportation (Brightline).

Further, the submarket benefits from its proximity to (1) Lake Nona (to the southeast), which is one of the fastest growing and most dynamic communities in the USA, and (2) Central Florida’s greatest concentration of distribution/logistics facilities (to the west).

The Property boasts strong in-place cash flows that continue to surpass pre-Covid “peak year” levels and where all fundamentals support continued real value increases in ADR.

In short, the acquisition of the Hotel represents a tremendous opportunity to acquire the fee-simple interest in a well-branded, all-suite hotel that is located in one of the most dynamic economies within in the Sun Belt and that has proven itself to be a hedge against inflation.