Roch Capital, a private equity and real estate investment firm, based in Concordville, Pa., announced the recent $44 Million acquisition of the Holiday Inn Resort Lake Buena Vista.
The 503-room full service resort hotel, is located at 13351 S. Apopka Vineland Road near the main gate of Walt Disney World and other major Orlando attractions. Built in 1990, the property underwent a $20 million major renovation in 2012. The resort has a mix of over-sized rooms including presidential, junior and kid friendly family suites in conjunction with resort style amenities such as a large pool, full service food and beverage through the new on-site Applebees, and private shuttle service to the major local attractions.
“We were drawn to the Holiday Inn Resort Orlando Lake Buena Vista by the amazing value proposition this hotel offers its customers, “said Vincent Abessinio, Executive Vice President, Roch Capital. “With the strong location, resort amenities, and reasonable price positioning we feel this asset will be a strong performer for the foreseeable future.”
The transaction, representing the largest hotel deal his year in Orlando, was brokered by HFF directors Michael Weinberg and Max Comess. David Bednar of Ladder Capital, provided CMBS debt financing. Roch Capital invests in diversified real estate opportunities including hospitality, office, retail, flex/industrial, multifamily, manufactured home and recreational vehicle communities, student housing, mixed-use, single tenant net lease properties and corporate sale leasebacks.
It is part of a family owned company group that also owns Applied Bank, a Delaware community bank.
Acquisitions and investments are headed by Carl Kruelle, senior vice president & Director of Acquisitions. More information on Roch Capital, is available at www.rochcap.com.
