Grande Lakes Orlando

Location:Orlando, FL
Built:$567 MM
Property Sale:$753 MM

Investment Results

  • Sold at $200mm profit
  • 47.9% IRR
  • 3.9x multiple on invested equity


  • Creation of a luxury destination resort in Orlando
  • Development Budget of $567MM ($358K/ key)
  • Top-starred hotel in the market
  • High-end group and compete with top Disney hotels

Value Added

  • Creative financial engineering (debt service shortfall facility and completion guarantee)
  • Asset-managed construction and opened on schedule and on-budget
  • Refinanced the hotel with a $400MM senior loan in year 3
  • Reduced original equity by 50% with land sales

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