New York firm purchases Disney World Hotel for more than $301,000 PER ROOM

a New York-based real estate group just purchased a Resort Hotel on the southeastern side of Disney property for just over $120 million.

Credit: Wyndham

Tishman, a real estate giant based in New Yorkpurchased the Wyndham Grand Orlando Resort Bonnet Creek on Monday, March 28, 2022, for $120.5 million. The beautiful Resort Hotel property boasts 400 rooms, meaning that the real estate group paid just over $301,000 per guest creamaccording to Orange County records obtained by The Orlando Business Journal

the Wyndham Grand Orlando Resort Bonnet Creek is located near Disney World Resort Hotels like Disney’s Pop Century Resort, Disney’s Caribbean Beach Resortand Disney’s dazzling Riviera Resort on the southeastern side of the walt Disney World Resort property. Despite the Resort Hotel being located on Disney’s property, Disney doesn’t actually own the Wyndham property.

Wyndham Grand Orlando Resort Bonnet Creek $291.  Celebration Hotel Deals & Reviews - KAYAK

Credit: Kayak

The Orlando Business Journal reports that this isn’t the first purchase the Tishman Real Estate group has made in the central Florida market. Tishman owns other properties in Orlando, including the Swan and Dolphin Resort hotels on walt Disney World propertyas well as the new Swan Reserve Hotel and others.

The $301,000 price tag per guest cream at the Wyndham Grand Orlando Resort Bonnet Creek may sound astronomical, but it’s nothing to compare with an even bigger Orlando hotel purchase that took place in 2021 when a Maryland-based group called Host Hotels & Resorts Inc. purchased the Four Seasons Resort Orlando† The company paid $610 million for that property, which has approximately 435 guest roman.

Hotel Four Seasons Resort Orlando At Walt Disney World Resort, Lake Buena Vista - trivago.com

Four Seasons Resort Orlando/Credit: Trivago

That deal went down for $1.4 million per guest cream

According to the President and CEO of Visit OrlandoCassandra Matej, the average occupancy rate in Orlando’s hotels saw an increase as of March 2022. The hotel industry took a dive in many parts of the country due to the impacts of low travel and closures related to the COVID-19 pandemic.

Compared with the beginning of the pandemic in 2022, the week of March 13, 2022, to March 19, 2022, saw an increase of 90.5% in hotel occupancy rates.

Wyndham Grand Orlando Resort Bonnet Creek |  Orlando, FL Hotels

Wyndham Grand Orlando Resort Bonnet Creek/Credit: Wyndham

the Wyndham Grand Orlando Resort Bonnet Creek was just one of many Resort Hotels on Disney property that isn’t owned and operated by Disney. Other non-Disney-operated Resort Hotels include the B Resort and Spa, the Swan and Dolphin Resort Hotel, the Swan Reserve, and others. Though they aren’t owned by Disney, many of the Guests who stay at these hotels can still many of the perks of staying at a Disney-owned property, like early theme park entry and more.

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