Cushman & Wakefield’s Glen Jaffee represented the seller and procured the buyer for the off-market transaction.
Christian Charre, Paul Weimer, Jennifer Jin and Andrew Pastorino of CBRE represented the seller, a joint venture between Opterra Capital, Willow Street Capital, Duke Hospitality and LCP Group, in the transaction.
A Kissimmee condo-hotel received $54 million loan and a Winter Garden multifamily development secured $55 million in financing.
The properties represent over 430 keys.
Kent Cooper, CCIM, a CFCAR past president, was awarded Deal of the Year and 17 other awards were presented.
The property is situated in a prime location next to ICON Park and approximately 2 miles from Universal Studios, the Orange County Convention Center, Universal CityWalk Orlando, SeaWorld and numerous other world-class attractions.
The Ritz-Carlton Residences offers 37 spacious three and four-bedroom residences with pools in a gated community.
Christopher Passeggiata, David M. Greenberg, Ely Silverstein, and Gabriel Shamay, investment specialists in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller.
Owner Encore Capital Management, a longtime client of Concord Summit, plans to build 75 additional hotel rooms on the east wing of the resort.
Other phases of the development will include a mixed-use tower with 550 Class-A apartment residences and a boutique hotel. Complementing the development will be retail and restaurant spaces, structured parking garage and a waterfront activity plaza with green space.
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