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 Event

Hotel Optimization Part 3 | January 27, 2021

With 2020 behind us and widespread vaccine distribution on the horizon, the second half of the new year is looking up, but for Q1 (and most likely well into Q2) we’re very much still in the thick of what has undeniably been the lowest point of the pandemic. What can you be doing now to power through and set yourself up for a prosperous 2021 and beyond? Join us at Part 3 of Hotel Optimization – A Virtual Event on January 27 from 10am – 1:05pm ET for expert panels focused on getting you back to profitability.

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.