Tishman Select Partners Acquires Three Orlando Select Hotel Properties From Kalson's Hospitality
Tishman has announced the acquisition of three Orlando area select
service hotel properties by its [Tishman Select Partners (TSP)]
affiliate, from Kalson's Hospitality. The three properties, Homewood
Suites Orlando, Homewood Suites Lake Buena Vista and Hilton Garden Inn
Lake Buena Vista, offer guests key amenities and quality stays
convenient to local parks. Tishman has a long history in the Central
Florida area, and currently owns the nearby Walt Disney World Swan and
Walt Disney World Dolphin Resorts.
"Adding these properties to our growing hotel portfolio continues our
diversification of room offerings through our Tishman Select Partners
affiliate," said Obaid Khan, Chief Financial Officer for Tishman.
"Vacationing families and business travelers in Orlando depend on
quality select service hotels when they come here and we are aiming to
provide a truly best in class experience for both."
The acquisition of these properties add 400 total rooms to Tishman's
hotel portfolio. Tishman and its affiliates, including Tishman Select
Partners, have owned, managed, built or advised on more than 80,000
hotel rooms. Nearly 6,000 of those are select service category rooms.
Tishman Select Partners was established to manage the acquisition and
development of Tishman's investments in the select service asset class.
In addition to this group of properties, TSP is developing and will own
a 336 room select service Aloft hotel in Chicago's Streeterville
neighborhood scheduled to open later this year.
The acquisition includes:
- Homewood Suites Orlando Theme Parks was built in
2017 and totals 133 rooms. It is conveniently located near both the
Orange County Convention Center and Sea World Orlando, at 6940 Westwood
Boulevard.
- Homewood Suites Lake Buena Vista totals 130 rooms, just 2.5 miles from Disney Springs at 11428 Palm Parkway.
- Hilton Garden Inn Lake Buena Vista totals 137 rooms, adjacent to Homewood Suites Lake Buena Vista.
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