New York firm buys Disney World hotel for more than $301,000 PER ROOM

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A new YorkNew York-based real estate group just bought a resort hotel in southeastern Disney Property for just over $120 million.

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Tishman, a real estate giant based in new Yorkbought the Wyndham Grand Orlando Appeal Bonnet Creek on Monday, March 28, 2022, for $120.5 million. The handsome Resort Hotel property has 400 rooms, meaning the property group paid just over $301,000 per guest Hallaccording to Orange County records obtained by The Orlando Business Journal.

the Wyndham Grand Orlando Appeal Bonnet Creek is located near disney world Resort hotels like Disney’s Pop Century Resort, by Disney Caribbean Beach Resortand Disney’s dazzling Riviera Resort on the southeast side of the Walt disney World Appeal goods. Although the Resort Hotel is located on Disney property, Disney does not actually own the Wyndham property.

Wyndham Grand Orlando Resort Bonnet Creek $291.  Celebration Hotel Deals & Reviews - KAYAK Trips

Credit: Kayak

The Orlando Business Journal reports that this is not the first purchase made by the Tishman Real Estate group in the central florida Marlet. Tishman owns other properties in Orlando, including the Swan and dolphin resort hotels on Walt disney World goodsas well as the new Swan Reserve Hotel and others.

The price of $301,000 per guest Hall to Wyndham Grand Orlando Appeal Bonnet Creek may seem astronomical, but it pales in comparison to an even bigger Orlando hotel purchase that took place in 2021 when a Maryland-based group called Host Hotels and Resorts Inc. purchased the Four Seasons Resort Orlando. The company paid $610 million for the property, which has approximately 435 guest rooms.

Hotel Four Seasons Resort Orlando At Walt Disney World Resort, Lake Buena Vista - trivago.co.uk

Four Seasons Resort Orlando/Credit: Trivago

This deal cost $1.4 million per guest Hall!

According to the CEO of Visit OrlandoCassandra Matej, Orlando’s average hotel occupancy increased from March 2022. The hospitality industry has plunged in many parts of the country due to the impacts of low travel numbers and pandemic-related closures of COVID-19.

Compared to the start of the pandemic in 2022, the week of March 13, 2022 to March 19, 2022 saw a 90.5% increase in hotel occupancy.

Wyndham Grand Orlando Resort Bonnet Creek |  Hotels in Orlando, Florida

Wyndham Grand Orlando Resort Bonnet Creek/Credit: Wyndham

the Wyndham Grand Orlando Appeal Bonnet Creek was just one of many Resort Hotels on Disney Property which is not owned or operated by Disney. Other resort hotels not operated by Disney include the B Resort and Spa, the Swan, and dolphin resort Hotel, the Swan Reserve, and others. Although not owned by Disney, many guests who stay at these hotels can still enjoy many of the benefits of staying at a Disney-owned property, such as early morning. amusement park entrance and more.

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