Orlando, FL – April 17, 2015 – (RealEstateRama) — CBRE Hotels has been engaged to market the DoubleTree by Hilton, a 742-guestroom hotel located in Orlando, Florida – the number one tourist destination in the United States. The well-established property, at 5780 Major Boulevard, is located directly at the entrance of the Universal Orlando Resort. The Hotel is being offered unencumbered by management and, with the current franchise agreement expiring in May 2016, the Hotel is effectively unencumbered by brand.
“This is an exceptional opportunity to acquire and rebrand an extraordinarily well-located and well-established property in one of the top lodging markets in the United States,” said Christian Charre, Senior Vice President, CBRE Hotels, who is marketing the asset along with CBRE Hotels’ Paul Weimer, Natalie Castillo and Lisa Zaranek. “Strong in-place cash flow and highly attractive ‘going-in’ yield count among its attractive features. It is a major, high quality asset in an unparalleled location, literally at the front door of Universal Studios. ”
Orlando consistently ranks as the number one tourist destination in the United States, welcoming nearly 60 million visitors annually. Universal Orlando Resort is the 2nd most popular tourist attraction in Orlando with over 15.8 million visitors in 2014.
Situated on approximately 16.5 acres, the DoubleTree occupies two 17-story towers, offers 62,800 square feet of flexible indoor and outdoor meeting and event space; a full-service restaurant and four other dining establishments; a junior Olympic outdoor pool and Jacuzzi; a new fitness center and a business center. It offers extremely strong airlift from most major markets and an easily accessible “drive-to” destination from all of the major population centers of the east coast of the United States.
CBRE Hotels is a specialized advisory group within CBRE providing brokerage, valuation and capital markets services to companies in the hotel sector. CBRE Hotels is comprised of over 150 dedicated hospitality professionals located in 37 offices across the globe. For more information, please visit our website at www.cbrehotels.com.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
elizabeth.cross (at) cbre (dot) com
melinda.sherwood (at) cbre (dot) com