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HREC Investment Advisors Arranges the Sale of the Radisson WorldGate Resort Hotel - Kissimmee, Florida
The hotel is situated near the I-4/US Highway 192 interchange, just minutes from world-famous Walt Disney World. The property features 25,000 square feet of meeting space, two swimming pools and a variety of sports courts, among other amenities. "With market-wide RevPAR up 14% year-to-date, we are definitely starting to see a lot more interest on the part of investors in the Orlando market," said Sexton. "We are getting excellent traction on all of our listings in the area from both institutional players and private equity." The transaction was complicated by the fact that the property has been partially converted to timeshare under previous ownership and, as such, included the conveyance of certain unsold timeshare interests, as well as a portfolio of timeshare receivables. Added Stephens, "In light of our extensive experience across many market cycles with shared-ownership assets, we are fortunate to have the ability to assist our client with highly complex transactions such as the Radisson WorldGate. About HREC: HREC is the nation's leading lodging and gaming real estate advisory firm specializing in property sales, mortgage brokerage, equity/JV structuring, consulting (market studies and appraisals), and litigation support. With thirteen offices throughout North America, HREC is distinguished by unwavering commitment to client service through its team approach, intellectual capital and hotel/casino specialization. For more information on the sale of the Radisson WorldGate Hotel in Kissimmee, Florida, please contact: Scott Stephens Ashley Hunt For additional information, visit HREC's website at www.hrec.com ### |