Nickelodeon Suites Resort Orlando Sold
- Dec 15, 2014
In early December Urban Commons LLC purchased Nickelodeon Suites Resort Orlando hotel in Orlando, the Los Angeles-based buyer announced.
The real estate investment company is focused mainly on income generating hospitality and residential assets, targeting value-add property acquisitions in highly populated, predictable markets. Its list of hospitality partners includes Starwood Hotels and Resorts Worldwide, Hilton Worldwide, InterContinental Hotels Group and Wyndham Worldwide.
The 777-room Nickelodeon Suites Resort Orlando hotel is located in the Lake Buena Vista area, on 24 acres directly adjacent to Walt Disney World and close to numerous popular destinations such as SeaWorld, Wet ‘n Wild, Universal Orlando, and the Orange County Convention Center. It is also easily accessible from the Orlando International Airport in about 20 minutes.
The hotel’s oversized, one- to three-bedroom suites average 500 square feet and each one features a flat screen TV and Wi-Fi internet connection. The property also has 85,000 square feet of recreational amenities to offer. These include two lagoons, called The Lagoon and The Oasis, with a number of interactive water features. Nickelodeon Suites Resort is one of only five properties in Lake Buena Vista with a waterpark. The hotel was also recently upgraded with a meeting space of 4,000 square feet designed with birthday parties and social meetings in mind. “The Mall”, a 50,000 square-foot entertainment retail complex is also available on-sit, showcasing six food and beverage outlets, a 3,000 square-foot arcade, a 4-D movie theater, a live action studio, a Kids’ Spa and two retail shops.
Image source: nickhotel.com