The Kabani Hotel Group is pleased to exclusively present on Ten-X the rare opportunity to acquire two adjacent, newer construction Wyndham Hotels in southwest Orlando, Florida. The portfolio comprises a 98-key Tryp by Wyndham Orlando at 11539 International Drive and a 101-key La Quinta Inn & Suites by Wyndham IDrive Theme Parks at 11545 International Drive, both delivered at the end of 2019. The hotels share a spacious 3.33-acre parcel with approximately 60 parking spaces for each building. The property has convenient points of egress and ingress, two curb cuts, and monument signage on International Drive, a highly trafficked retail artery amassing over 22,000 vehicles per day. The properties are also just off Interstate 4, which connects Celebration and the southwest portion of the Orlando MSA to downtown Orlando. 11539 and 11545 International Drive are just 20 minutes from the Orlando International Airport, the second-busiest airport in Florida and an operating base for Avelo Airlines, JetBlue, Southwest Airlines, and Spirit Airlines.

The Tryp by Wyndham offers a variety of amenities, including free Wi-Fi, free parking, a bar, an outdoor pool, meeting space, hot breakfast available, and more. Guests can choose from standard king and double queen rooms, family suites, non-fitness, and fitness rooms, which include an exercise bike and other room amenities, such as a mini-fridge, self-controlled temperature, HDTV, and more. Tryp by Wyndham Orlando has won multiple awards, including Best of Tryp, Tryp Hotel of the Year, and 2022 Travelers' Choice, and the property is a Wyndham Green Core and Ecolab Science Certified hotel. The La Quinta Inn and Suites offers guests complimentary breakfast, free Wi-Fi, pet-friendly rooms, free parking, a business center and meeting room, an outdoor pool with a hot tub, mobile check-in, and EV charging stations. Room amenities include a mini-fridge, HDTV, and more. La Quinta Inn & Suites by Wyndham Orlando IDrive Theme Parks has also won multiple awards since opening, including Best of La Quinta, 2021 Travelers' Choice by TripAdvisor, and 2022 Travelers' Choice by TripAdvisor, and the property is both a Wyndham Green Core certified property and a La Quinta Del Sol Design property. Both Tryp and La Quinta produced approximately $6M in room revenue in 2022 and 2023, and there is still significant operational upside for future ownership. In 2023, the RevPAR performed 15-20% below the comp set despite being one of the newer buildings. As Orlando travel and tourism continue to grow, new ownership is poised to capitalize on increased occupancy and ADR in one of the most visited cities in the United States.

International Drive features droves of entertainment venues and high-end retail, making it an excellent location for upper-midscale hotels. The assets are positioned at the doorstep of Orlando's best attractions. Just north of the property are Icon Park, Discovery Cove, SeaWorld Orlando, Universal Volcano Bay, the Orange County Convention Center, WonderWorks Orlando, Dezerland Park Orlando, Orlando International Premium Outlets, and Universal Orlando. The Orange County Convention Center helps drive 75 million visitors annually to the city. Southwest of the property, one can find attractions like the Orlando Vineland Premium Outlets, Hawks Landing Golf Course, Disney Springs, Epcot, Magic Kingdom Park, Disney's Hollywood Studios, ESPN Wide World of Sports Complex, and many more theme parks. Magic Kingdom and Epcot at Disney World bring in roughly 58 million visitors annually, firmly establishing the need for new hospitality assets. Additionally, Universal's new theme park, Epic, is set to open in 2025 and is estimated to result in an $11B economic impact and the creation of over 14,000 jobs.

Orlando's hotel market is the second largest in the country, only behind Las Vegas. In addition, International Drive is one of the largest hotel submarkets in the country, with about 50,000 rooms across roughly 140 properties. Orlando is home to five of the top 10 most-visited theme parks in the world, as well as the second-largest convention center in the United States. The Central Florida Research Park is the largest research park in Florida, and the 7th largest in the U.S., and that park sits just 30 minutes away. Orlando is steadily blossoming into one of the top industrial and technology hubs in Florida. Notable companies have made the move to Orlando, with Lockheed Martin, General Dynamics, Siemens, and Raytheon Systems all having a presence in the metro region. Lake Nona Medical City is a health and life sciences park located near Orlando International Airport and anchored by the University of Central Florida's Health Sciences Campus. This Park is expected to house the University of Central Florida's College of Nursing, the University of Central Florida College of Dental Medicine, as well as a teaching hospital.

Take advantage of a golden opportunity to capitalize on the dynamic and electric Orlando hospitality market by acquiring two new Wyndham hotels in the heart of Orlando's tourism hub.