International Drive hotel sells, to get ‘extensive renovation’

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

An International Drive hotel has a new owner and is in line for a facelift.

▶ WATCH CHANNEL 9 EYEWITNESS NEWS

The 246-room Embassy Suites by Hilton Orlando International Drive Icon Park at 8250 Jamaican Court sold June 11 for $37.7 million, according to a deed posted to Orange County public record — a nearly 70% increase from when it sold for $22.2 million in 2015.

LEO 8250 Orlando Hotel LLC, an entity related to Hackensack, New Jersey-based Leo Capital Group Management, bought the property from HIT Portfolio I Owner LLC, an entity related to Fairfax, Virginia-based Hospitality Investors Trust.

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

Click here to download our free news, weather and smart TV apps. And click here to stream Channel 9 Eyewitness News live.