HREC arranges sale of Autograph Collection hotel in Orlando

Autograph Collection Castle Hotel lobby

HREC Investment Advisors arranged the sale of the 214-guestroom Autograph Collection Castle Hotel located in Orlando. The buyer was Schulte Hospitality Group in conjunction with a private equity JV partner.

Paul Sexton, VP in HREC Investment Advisors’ Orlando office, represented the seller during the transaction. The seller was Orlando Investments Holding, an entity controlled by Richard Kessler, hospitality entrepreneur and CEO of The Kessler Enterprise.

“The buyer was attracted to the property due to its location in the heart of International Drive and across the street from approximately 475 acres of land that is being readied by Universal Resorts Orlando for future development," Sexton said in a statement. "Surprisingly enough, the Castle Hotel is the only full-service Marriott-branded hotel in the International Drive submarket.”

Virtual Roundtable

Post COVID-19: The New Guest Experience

Join Hotel Management’s Elaine Simon for our latest roundtable—Post COVID-19: The New Guest Experience. The experts on the panel will share how to inspire guest confidence that hotels are safe and clean and how to win back guest business.

The Autograph Collection Castle Hotel has access and visibility from both International Drive and Universal Boulevard, the two main arteries in the Orlando submarket. The hotel also benefits from its close proximity to the Orange County Convention Center, the Universal Orlando Resort and SeaWorld Orlando.

HREC is a lodging and gaming real estate advisory firm specializing in property sales, mortgage brokerage, equity/JV structuring, consulting (market studies and appraisals) and litigation support.

Suggested Articles

The REIT said that it does not expect to see a meaningful increase in demand for its portfolio until there are COVID-19 medical solutions in place.

Choice Hotels International hailed its strong domestic drive-to and leisure markets as it reported growth in occupancy and conversions.

The three companies account for 68 percent of the projects in the total pipeline.