CBRE Hotels Arranged the Sale of DoubleTree by Hilton at the "Front Door" of Universal Orlando

Orlando, Florida – September 15, 2015—CBRE Hotels arranged the sale of DoubleTree by Hilton, a 742-guestroom hotel at the entrance to Universal Studios in Orlando, Florida. This premier property, located at 5780 Major Boulevard, was acquir​​ed by an entity affiliated with Sagicor Jamaica Limited. CBRE Hotels’ Christian Charre, Paul Weimer, Natalie Castillo and Lisa Zaranek negotiated the sale on behalf of an affiliate of Blackstone.

According to Senior Vice President Christian Charre, “Orlando is now the most visited tourist destination in the United States, and Universal Studios attendance has surged the past two years – all of this factored into the strong interest in this property because of its location and size.”

Situated on approximately 16.5 acres, the DoubleTree occupies two 17-story towers featuring 62,800 square feet of flexible indoor and outdoor meeting and event space. Other amenities include a full-service restaurant plus four other dining establishments, a junior Olympic outdoor pool and Jacuzzi, a new fitness center, and a business center. 

In the heart of the country’s number one tourist destination and at the entrance to Central Florida’s second-most popular attraction, the DoubleTree benefits from extremely strong airlift and easy drive-to access from the eastern half of the U.S. Orlando attractions draw more than 60 million visitors annually; Universal Orlando hosted more than 15.8 million visitors last year.

“Bidding for this asset was intense,” said Paul Weimer, Vice President, CBRE Hotels. “In a market like Orlando, where competition is strong, investors clearly recognized the tremendous value in being situated directly adjacent to one of the area’s most popular attractions, Universal Studios.”

CBRE Hotels is a specialized advisory group within CBRE providing brokerage, valuation and capital markets services to companies in the hotel sector. CBRE Hotels is comprised of over 265 dedicated hospitality professionals located in 60 offices across the globe. For more information, please visit our website at www.cbrehotels.com

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 (in terms of 2014 revenue). The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com

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