Banyan Investment Group Completes Acquisition of 213-Room Castle Hotel, Autograph Collection, in Orlando, Fla.

ORLANDO, Fla. October 19, 2022–(BUSINESS WIRE)–Banyan Investment Group (BIG), an Inc. 5000 recognized hospitality investment firm that acquires hotels across the United States, today announced it has acquired the 213-room Castle Hotel, Autograph Collection by Marriott. in Orlando, Florida for an undisclosed price. The hotel recently underwent a major $8.2 million investment to upgrade guest rooms, public areas and the building’s exterior.

“Orlando continues to be the number one vacation and convention destination in the country, with its array of theme parks, golf resorts, outdoor adventures and fine dining options,” said Samir Yajnik, Principal and EVP of Investments, Banyan Investment Group. “We are bullish on Orlando MSA, particularly the I-Drive submarket. The Castle Hotel is the only four star Marriott product within walking distance of the Convention Center. It is ideal for the upscale visitor who wants to stay at one of the most trusted hotel companies around the world. With increased traffic to the convention center, airport and area attractions, and the anticipated opening of the Epic Universe by Universal, the collective , positive impact on the hotel will be significant, allowing the hotel to work quickly to take its place as the rightful market and segment leader. We believe that continued increasing demand for the submarket will result in higher cash flows in the property. It is important to note that hotels are priced daily and we believe the investment represents a beneficial inflation hedge for our valued investors.”

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Schlosshotel, autograph collection

The Castle Hotel is located at 8602 Universal Blvd. across from the under-construction Epic Universe, a 750-acre, $1 billion theme park expected to open in 2025 that will be the largest universal park in the United States and the second-largest in the world. It’s said to be five times the size of Disney’s Magic Kingdom and three to four times larger than Universal’s existing footprint. The hotel is also adjacent to Lockheed Martin’s 270-acre regional headquarters, which employs 8,000 people and creates additional demand from defense contractors, government and related industries. The Autograph Collection Hotel will also benefit from the continued growth of Orlando International Airport, including the recently opened $2.8 billion, 15-gate Terminal C, which serves international travelers and is expected to expand the airport’s capacity by 10-12 million passengers will increase annually. Additionally, Brightline High Speed ​​Rail plans to open two rail stations in the area, Orlando International Airport and the Orlando Convention Center. With this close proximity to the hotel, guests can connect seamlessly and directly to Miami and other South Florida stations such as Ft. Lauderdale and West Palm Beach.

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Banyan Investment Group

Banyan Investment Group, based in Atlanta, Georgia, is a hotel investment company that acquires hotels in the United States. The firm uses conservative forecasting combined with a clear understanding of calculated risk appetite to make optimal investments with the overall goal of exceeding stakeholder expectations for investment returns.

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Chris Daly, Media
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