The Real Deal Miami

Largo Hospitality facilitates $19M DoubleTree loan

The loan financed the acquisition of a 242-room DoubleTree by Hilton in Orlando
DoubleTree by Hilton hotel at 12175 High Tech Avenue in Orlando

DoubleTree by Hilton at 12125 High Tech Avenue in Orlando

Largo Hospitality Finance Group arranged a $19 million permanent first mortgage to finance the acquisition of a DoubleTree by Hilton hotel in Orlando.

John Svec, managing director of Largo Hospitality Finance, arranged a five-year loan  with a 25-year amortization schedule secured by the hotel.

The 242-room hotel is located on a nine-acre lakefront site near the main campus of the University of Central Florida. The hotel has a full-service restaurant, a heated pool and more than 5,000 square feet of meeting space.

The hotel at 12125 High Tech Avenue has been renovated and recently was re-flagged as a DoubleTree by Hilton. TripAdvisor ranks it ninth among 334 hotels in Orlando.

Largo Hospitality Finance is a provider of long-term, fixed-rate non-recourse financing for commercial real estate in the United States and Canada.