ORLANDO, Florida—McKibbon Equities has closed on the acquisition of Hilton Backyard Inn Orlando I-4 Millenia Blvd Mall. The closing of the 132-room lodge represents the third portfolio funding for McKibbon Earnings Fund I, an actual property funding fund targeted on buying present select-service and extended-stay resorts. Earlier acquisitions embody Hampton Inn & Suites Clearwater/St. Petersburg Ulmerton Street and Courtyard by Marriott Atlanta Buford Mall of Georgia, which closed in 2023 and 2024, respectively.
Valley Financial institution supplied debt financing for the transaction. The vendor was represented by Julian Mazili, president of Mazili Lodge Group.
“We look ahead to increasing our presence within the Orlando market with the acquisition of Hilton Backyard Inn Orlando I-4 Millenia Blvd Mall,” stated Matthew Ram, McKibbon’s senior vice chairman of acquisitions. “We’re delighted on the alternative to accumulate this distinctive and well-built property in such a dynamic location in Orlando. The Hilton Backyard Inn is a extremely welcome boost to our already sturdy portfolio.”
Constructed in 2024, Hilton Backyard Inn Orlando I-4 Millenia Blvd Mall is positioned off I-4 simply south of Downtown Orlando, inserting company close to demand drivers and points of interest resembling Mall at Millenia, Common Studios, and Worldwide Drive. The lodge can be operated by McKibbon’s administration firm, McKibbon Hospitality, which operates three further properties all through the Orlando space: Aloft Orlando Downtown, Hampton Inn & Suites Orlando Airport at Gateway Village, and Hyatt Home Orlando Airport.
McKibbon owns and operates 20 resorts with one other three actively beneath growth, in addition to ten unbiased meals & beverage ideas.
