Lowndes Advises Ares Management, RIDA Development Corporation in Financing of Hyatt Regency Orlando Acquisition
August 30, 2024
August 30, 2024
ORLANDO, Florida, Aug. 30 -- Lowndes, a law firm, issued the following news release:
Lowndes has advised affiliates of an Ares Management Real Estate fund (Ares) and RIDA Development Corporation in connection with the $620 million CMBS financing for the approximately $1.02-billion acquisition of the Hyatt Regency Orlando in Florida.
Described by Hotel Investment Today as the largest hotel sale of 2024 so far, the acquisition of the 1,641-key, AAA Four Diamond property, . . .
Lowndes has advised affiliates of an Ares Management Real Estate fund (Ares) and RIDA Development Corporation in connection with the $620 million CMBS financing for the approximately $1.02-billion acquisition of the Hyatt Regency Orlando in Florida.
Described by Hotel Investment Today as the largest hotel sale of 2024 so far, the acquisition of the 1,641-key, AAA Four Diamond property, . . .