How Hyatt Regency Orlando deal got $620M in financing in challenging lending market

ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.

The $1.02-billion sale of the Hyatt Regency Orlando in August was the largest hotel sale year-to-date nationwide, according to real estate analysts CoStar Group.

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To pull this off, buyers Ares Management out of Los Angeles and Houston-based Rida Development received a five-year, floating-rate loan for $620 million from Wells Fargo, Bank of America and Deutsche Bank.

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While the loan’s value is noteworthy, what makes the transaction incredible is the environment in which it happened.

Click here to read the full story on the Orlando Business Journal’s website.

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