February 10, 2020
Dallas-based Hall Structured Finance has provided a $140 million construction loan for Flamingo Crossings Town Center, a 997-room, four property hotel project at the western entrance of Walt Disney World Resort in Orlando.
The four hotels will include a 223-room Residence Inn by Marriott, a 273-room Fairfield Inn by Marriott, a 229-room Homewood Suites by Hilton, and a 272-room Home 2 Suites by Hilton. All four hotels are being developed simultaneously by real estate developer Doradus Partners within their hospitality fund , and are expected to be completed in fourth quarter 2020. The new hotels will share a five-story parking garage, surface parking and a sports court.
Justin Ownby, Adrienne Kautzman and Mauricio Rodriguez of Berkadia Commercial Mortgage LLC sourced the financing for the project.
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