The Property is conveniently located just one mile south of Walt Disney World and close to all else that the Orlando Market has to offer.
Central Florida features (1) the best collection of amusement parks on the planet, (2) the second largest convention center in the US, (3) the most active cruise port in the world (Port Canaveral), (4) the second busiest airport in the State of Florida and, (5) access to some of the most visited beaches in the nation.
The subject Kissimmee West Submarket is one of the most dynamic submarkets within the Orlando Market. Over the past decade, the submarket has seen the addition of the billion-dollar Margaritaville Resort Orlando, an ongoing billion-dollar investment in Everest Place resort and to the multi-billion-dollar Flamingo Crossings (the new “west entrance” to Disney World).
Most importantly, the submarket has seen a “return of the brands” such as Marriott and Hilton whose flags have not heretofore flown in the submarket for decades.
An acquisition of the Hotel represents a tremendous opportunity to acquire a recently renovated full-service Hotel that will continue to see above average growth in revenues based on:
- The continued popularity of Florida as a preferred travel destination.
What will be a “sonic boom” of new demand associated with the opening of Epic Universe in 2025.
- The ongoing transformation of the Kissimmee West Submarket which is turning into “the next International-Drive.”
- Transportation route changes that will funnel travelers to the subject neighborhood. Specifically, Disney is quietly promoting the SR 429 freeway (the market’s western ring road) which leads to the park’s western entrance as the preferred access route to the destination. The route splits the Kissimmee West Submarket in half and, as such, is generating significant additional “foot traffic” in the trade area.