Among
the noteworthy deals of the past week was McKibbon Equities’ acquisition of the
Hilton Garden Inn Orlando I-4 Millenia Blvd Mall.
ORLANDO —
Tampa, Florida-based McKibbon Equities has acquired the 132-key Hilton Garden
Inn Orlando I-4 Millenia Blvd Mall from AAAA Property Partners LLC for $31.8
million.
The
acquisition is the third investment for McKibbon Income Fund I, a real estate
investment fund focused on acquiring existing select-service and extended-stay
hotels.
Valley Bank
provided debt financing for the transaction. Mazili Hotel Group represented the
seller.
The hotel
will be managed by McKibbon Hospitality, whose CEO, Randy Hassen, was recently
interviewed by Hotel Investment Today.
McKibbon
owns and operates 20 hotels, with three additional hotels actively under
development, as well as 10 independent food and beverage concepts.
To download
our list of deals from the past week in Excel format, click here.