JANM Hospitality acquired the Red Roof Inn Orlando South – Florida Mall for $5.65 million from Winchester Hospitality. DSH Hotel Advisors' Dennis Hopper, managing principal of the firm, and Randy Taylor, senior vice president investments, arranged the sale of the centrally-located 74-room property. DSH Hotel Advisors represented the seller and the buyer.
DSH Hotel Advisors held the exclusive listing with the seller, generating 150+ signed Confidentiality Agreements from qualified buyers and receiving multiple offers from buyers throughout the country.
"The sale of the Red Roof Inn Orlando South represented a unique buying opportunity in the Orlando market, drawing interest from investors nationwide and internationally," Hopper said in a statement. "Our controlled, competitive process produced multiple offers and ultimately identified the California-based buyer who secured the deal. This deal adds to our robust list of successfully brokered hotel transactions throughout the Orlando MSA."
"We were able to align closely with the seller's objectives while identifying a strong, cash-flowing asset for a West Coast–based investor. Central Florida continues to generate exceptional interest due to its dense concentration of demand drivers, and we believe the buyer is well positioned for long-term success at this location," Taylor said.
The Red Roof Inn Orlando South – Florida Mall is a two-story hotel located off high-traffic Orange Blossom Trail, one mile from the Florida Mall with convenient access to I-4 and SR-528. Situated in the heart of one of the world's largest tourism markets, the property is positioned to benefit from strong and diverse demand drivers, including Orlando's major theme parks and Universal's newly opened $1 billion Epic Universe.