December 19, 2016
Tampa, Fla. (December 19, 2016) – The Plasencia Group is pleased to announce the sale of the Holiday Inn Orlando-Disney Springs Area, located in Lake Buena Vista, Florida. The firm represented an affiliate of a global real estate investment manager in the sale of the 323-room hotel.
“The hotel’s excellent condition, resort-style layout and prime location on Disney property stood out to our team and was very attractive to the broader hotel investment community,” commented Nick Plasencia, Vice President of The Plasencia Group.
Dennis Reed, Senior Vice President of The Plasencia Group’s Southeast region, added, “We anticipate that the hotel will continue to appeal to a diverse mix of domestic and international guests due not only to the expanded offerings at nearby Disney Springs, but also to the plethora of new attractions constantly opening at the region’s renowned theme parks.” Vice President Chris Plasencia also advised the client in this disposition.
The Holiday Inn is ideally located directly on Walt Disney World property and is only a short walk from Disney Springs, the recently renovated and expanded retail, dining and entertainment district formerly known as Downtown Disney. The hotel offers unique amenities to its guests, including complimentary shuttles to Disney parks and an on-site, licensed Disney gift store. The Plasencia Group has completed engagements for more than 75 resort and hotel owners in Florida, and nearly 50 IHG-branded hotels nationally.