Orlando Hotel Lands $22M Construction Loan
- May 17, 2018
Epelboim Development Group has received a $21.5 million construction loan from BridgeInvest for the development of Tru by Hilton, an eight-story, 259-key hotel in Orlando, Fla. Hart Capital CEO Tanya Little arranged the financing.
The hotel will feature eight stories, and interior amenities will include oversized windows, 55-inch TVs and bright showers. Common-area amenities will include:
- a 2,880-square-foot lobby
- breakfast bar
- 24-hour Eat & Sip market
- free Wi-Fi
- fitness center
Projected as the largest Tru by Hilton in the U.S., the property will be located on Westbrook Boulevard. Orange County Convention Center, Hyatt Regency Orlando, Days Inn by Wyndham Orlando Conv. Center, Hilton Orlando, Extended Stay America Orlando Sports Complex and Extended Stay America Orlando are all located nearby. The property offers easy access to Interstate 4, Martin Andersen Beachline Expressway and Westwood Boulevard.
“We were drawn to the project due to the Tru Hotel brand and the well-located infill location of the property,” said Alex Horn, managing partner of BridgeInvest, in prepared remarks.
The hotel is scheduled for completion by October 2019.
Image courtesy of Hilton