CBRE Hotels Arranges Sale of 122-Room Hilton Garden Inn in Orlando

Orlando, Fl. – January 2, 2017 – CBRE Hotels arranged the sale of Hilton Garden Inn Orlando East/UCF Area. The property, located at 1959 North Alafaya Trail, Orlando, was purchased by Nimbus Investment Fund, LP. CBRE Hotels’ team, composed of Paul Weimer, Christian Charre and Jennifer Jin, represented the seller, Crescent Alafaya Trail, LLC, in the transaction.  

“This offering generated an intense amount of interest and a very competitive bidding process.  Simply a great property in a very good location with a leading brand,” said Paul Weimer, senior vice president at CBRE Hotels. 

Hilton Garden Inn Orlando East/UCF Area is strategically located just 1.5 miles from the University of Central Florida and 25 minutes away from Orlando International Airport. The property is in great physical condition, having completed an extensive $2 million renovation in 2014. 

According to CBRE’s research, Orlando is the second largest hotel market in the country, second only to Las Vegas. While Orlando is typically associated with tourism, the area surrounding UCF has emerged as an important center for education and innovation and includes the Central Florida Research Park, home to over one hundred leading corporations.  

CBRE Hotels is a specialized advisory group within CBRE, providing advisory, asset management, capital markets, investment sales, research and valuation services to companies in the hotel sector. CBRE Hotels is comprised of over 385 dedicated hospitality professionals located in 60 offices across the globe.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
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