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CBRE Hotels Arranges Sale Of 122-Room Hilton Garden Inn In Orlando
Wednesday, January 03, 2018
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ORLANDO—-CBRE Hotels arranged the sale of Hilton Garden Inn Orlando East/UCF Area. The property, located at 1959 North Alafaya Trail, Orlando, was purchased by Nimbus Investment Fund, LP.
CBRE Hotels’ Paul Weimer, Christian Charre and Jennifer Jin represented the seller, Crescent Alafaya Trail, LLC, in the transaction.
“This offering generated an intense amount of interest and a very competitive bidding process. Simply a great property in a very good location with a leading brand,” said Paul Weimer, senior vice president, CBRE Hotels.
Hilton Garden Inn Orlando East/UCF Area is strategically located just 1.5 miles from the University of Central Florida and 25 minutes away from Orlando International Airport. The property is in great physical condition, having completed an extensive $2 million renovation in 2014.
According to CBRE’s research, Orlando is the second largest hotel market in the country, second only to Las Vegas. While Orlando is typically associated with tourism, the area surrounding UCF has emerged as an important center for education and innovation and includes the Central Florida Research Park, home to over one hundred leading corporations.
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