Leo Capital acquires Embassy Suites Orlando International Drive ICON Park

Hunter Hotel Advisors has arranged the sale of the Embassy Suites Orlando International Drive ICON Park. Leo Capital acquired the asset.

“As a private investment firm with a long-term horizon, we are delighted to enter the dynamic Orlando hospitality market with a strong-performing asset featuring a wonderful team, a brand in a league of its own, and considerable upside potential,” said David Li, managing principal, Leo Capital. “We plan to refresh and modernize the hotel’s expansive public space and guestrooms within the next 18 months, further enhancing its vibrancy amidst its competition.”

The 246-room hotel garners leisure traffic due to its proximity to ICON Park, Universal Studios, Islands of Adventure, Walt Disney World and SeaWorld. Orlando attracts more than 75 million visitors annually, with most staying for an average of three nights, making tourism the backbone of the city’s economic activity. The asset benefits from the business, education and healthcare demand being close to the Orange County Convention Center, the University of Central Florida and AdventHealth Hospital.

The property includes a cocktail lounge and a 24-hour gourmet market, as well as an on-site fitness center, business center and indoor/outdoor pool access. Crestline Hotels & Resorts will continue to manage the property.

Hunter’s Robert Taylor, EVP, and Sophia Pittaluga, SVP, represented the institutional seller.