by Roberto Susi on February 05, 2021
February 5, 2021 – Kawa has acquired the ground lease of a seven story, 434 room hotel on over 16 acres outside of Orlando.
"In a ground lease transaction, the land is purchased in a sale-leaseback transaction to the owner/operator", said Jose Sasson. The seller is an affiliate of AD1 Global.
The property is less than 10 miles from Walt Disney World and all its major theme parks and within 25 miles of the Orlando International Airport and the Orange County Convention Center. It boasts 30,000 SF of conference space, and upon completion of renovations, will be rebranded as a Wyndham Resort. Additionally, the property features a TopGolf entertainment center, full Starbucks store and a modern indoor children’s playground among other amenities.
Jose Sasson & Roberto Susi of Axiom Capital Advisors served as brokers for this off-market transaction.