ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.
A relatively new hotel along International Drive, adjacent the district’s popular Icon Park development, has traded hands for $39 million.
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Orange County public records show the Element Orlando hotel at 8278 Universal Blvd. was sold Aug. 31 by PG-PHG Orlando LLC, an entity related to Atlanta-based Peachtree Hotel Group, to GPIF Orlando Hotel Owner LLC, an entity related to Fort Worth, Texas-based Crescent Real Estate LLC.
The transaction comes out to about $236,000 per room.
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