B Orlando, Orlando, FL
Distressed hotel re-development
In December 2011, Quadrum acquired a leasehold interest on the Royal Plaza, a 394-key hotel with 18,000 sf of meeting space located in Lake Buena Vista, Florida.
The distressed property was acquired from Archon Group (affiliate of Goldman Sachs), who purchased the hotel as part of a larger CMBS pool in 2005, and had since exited from all properties within the pool with the exception of Royal Plaza, which Archon needed to sell before winding down the portfolio.
The hotel, built in 1972 and later renovated in 1983, is only 1 mile from the closest theme park and is located within the Walt Disney World Resort within walking distance from Downtown Disney.
Upon completion of the renovation, the hotel was rebranded "B" Resort and Spa located in the Walt Disney World Resort.