March 7, 2016
HEI Hotels & Resorts, headquartered in Connecticut, has sold the 167-room Embassy Suites Orlando-Downtown. Paradise America, a foreign buyer, paid $26 million for the property at 191 E. Pine St.
Daniel Peek, Michael Weinberg and Preston Reid with HFF represented the seller in the transaction.
The new owner reportedly plans a “significant property improvement plan” to the asset. BayStar Hotel Group will manage the hotel.