A -based real estate group just purchased a Resort Hotel on the southeastern side of for just over $120 million.
Tishman, a real estate giant based in , purchased the on Monday, March 28, 2022, for $120.5 million. The beautiful Resort Hotel property boasts 400 rooms, meaning that the real estate group paid just over $301,000 per , according to Orange County records obtained by The Orlando Business Journal.
The Resort Hotels like Disney’s Pop Century Resort, Disney’s , and Disney’s dazzling Riviera Resort on the southeastern side of the property. Despite the Resort Hotel being located on Disney’s property, Disney doesn’t actually own the Wyndham property. is located near
The Orlando Business Journal reports that this isn’t the first purchase the Tishman Real Estate group has made in the Swan and hotels on , as well as the new Swan Reserve Hotel and others. market. Tishman owns other properties in Orlando, including the
The $301,000 price tag per Host Hotels & Resorts Inc. purchased the Four . The company paid $610 million for that property, which has approximately 435 rooms. at the may sound astronomical, but it’s nothing to compare with an even bigger Orlando hotel purchase that took place in 2021 when a Maryland-based group called
That deal went down for $1.4 million per !
According to the President and CEO of Visit Orlando, Cassandra Matej, the average occupancy rate in Orlando’s hotels saw an increase as of March 2022. The hotel industry took a dive in many parts of the country due to the impacts of low travel and closures related to the COVID-19 pandemic.
Compared with the beginning of the pandemic in 2022, the week of March 13, 2022, to March 19, 2022, saw an increase of 90.5% in hotel occupancy rates.
The was just one of many Resort Hotels on that isn’t owned and operated by Disney. Other non-Disney-operated Resort Hotels include the B Resort and Spa, the Swan and Hotel, the Swan Reserve, and others. Though they aren’t owned by Disney, many of the Guests who stay at these hotels can still many of the perks of staying at a Disney-owned property, like early entry and more.