Hyatt has successfully sold the Hyatt Regency Orlando, a 1,641-room hotel and adjacent 45 acres of land to RIDA Development Corporation and an Ares Management Real Estate fund for approximately $1.07 billion. However, Hyatt will continue to manage the property under its renowned brand through a long-term agreement.
As part of this transaction, Hyatt retained $265 million in non-controlling preferred equity and provided an additional $50 million in seller financing for the adjacent 45-acre parcel. JLL Hotels & Hospitality Group played a key role by securing $620 million in acquisition financing for RIDA and Ares.
The Hyatt Regency Orlando is one of the largest hotels within the global portfolio with its impressive room count of 1,641 rooms and expansive event space spanning over 315,000 square feet. On average per year, it welcomes more than one million guests and attendees.
This sale aligns with Hyatt’s strategic plan to divest owned properties while reinvesting proceeds into asset-light platforms that drive growth beyond their recent commitment of disposing assets worth over $2 billion announced earlier this year.
