{"id":1004050436,"date":"2012-10-12T11:47:19","date_gmt":"2012-10-12T19:47:19","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=74042"},"modified":"2022-12-08T21:53:37","modified_gmt":"2022-12-09T05:53:37","slug":"jv-to-invest-24m-in-orlandos-lake-eve-resort","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jv-to-invest-24m-in-orlandos-lake-eve-resort\/","title":{"rendered":"JV to Invest $24M in Orlando\u2019s Lake Eve Resort"},"content":{"rendered":"

By Georgiana Mihaila, Associate Editor\"\"<\/a><\/em><\/p>\n

According to an official announcement, the Arden Group, Inc. entered into a joint venture with Eightfold Real Estate Capital and Hostmark Hospitality Group to acquire the Lake Eve Resort in Orlando.<\/p>\n

The joint venture will be investing a total of $24 million, a price tag that includes upgrades to the guest rooms, lobby, exterior lighting and signage; plans also call for an expansion of the pool area with a new children\u2019s water park.<\/p>\n

The 364-bedroom Lake Eve Resort is spread over nine acres set in close proximity to all major theme parks, shopping and great restaurant options. Some of the amenities include full kitchens, a heated pool and hot tub, 24-hour dedicated reception service, a fitness center and complimentary scheduled shuttle service to each of the Walt Disney World, SeaWorld and Universal attractions. The resort features one-, two-, and three-bedroom suites and is known as a family getaway destination.<\/p>\n

\u201cIt is a great time to invest in an Orlando resort,\u201d said Craig A. Spencer, president and CEO of Arden Group. According to Kiplinger, Orlando will be the fastest-growing job market in Florida, with 15 percent job growth over the next five years. \u201cWhen you take a strong partnership like we have with Eightfold and Hostmark and apply that expertise to a high quality resort such as Lake Eve, which is located in the country\u2019s top tourist destination, it gives us great confidence that this will be a very good investment for our real estate fund. This investment is consistent with our strategy of sourcing and investing in opportunities for value creation.”<\/p>\n

The Arden Group acquires, develops and manages full-service hotels and office properties in major U.S. markets where demand is proven but assets remain undervalued. Arden Group acquired its interest through Arden Real Estate Partners I, L.P., a discretionary real estate fund launched in April 2012. This is the Fund\u2019s second hotel acquisition this year. Since its founding in 1989, Arden Group has purchased or developed more than $1.5 billion of real estate.<\/p>\n","protected":false},"excerpt":{"rendered":"

According to an official announcement, the Arden Group, Inc. entered into a joint venture with Eightfold Real Estate Capital and Hostmark Hospitality Group to acquire the Lake Eve Resort in Orlando.<\/p>\n","protected":false},"author":39,"featured_media":1004506550,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1493],"tags":[],"class_list":["post-1004050436","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-orlando"],"acf":[],"yoast_head":"\nJV to Invest $24M in Orlando\u2019s Lake Eve Resort - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/jv-to-invest-24m-in-orlandos-lake-eve-resort\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JV to Invest $24M in Orlando\u2019s Lake Eve Resort\" \/>\n<meta property=\"og:description\" content=\"According to an official announcement, the Arden Group, Inc. entered into a joint venture with Eightfold Real Estate Capital and Hostmark Hospitality Group to acquire the Lake Eve Resort in Orlando.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/jv-to-invest-24m-in-orlandos-lake-eve-resort\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-10-12T19:47:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T05:53:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Lake-Eve-Resort.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Amalia Otet\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jv-to-invest-24m-in-orlandos-lake-eve-resort\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jv-to-invest-24m-in-orlandos-lake-eve-resort\\\/\"},\"author\":{\"name\":\"Amalia Otet\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/9f6a1043b1429cf8ff129c75614caa73\"},\"headline\":\"JV to Invest $24M in Orlando\u2019s Lake Eve Resort\",\"datePublished\":\"2012-10-12T19:47:19+00:00\",\"dateModified\":\"2022-12-09T05:53:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jv-to-invest-24m-in-orlandos-lake-eve-resort\\\/\"},\"wordCount\":348,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jv-to-invest-24m-in-orlandos-lake-eve-resort\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/Lake-Eve-Resort.jpg\",\"articleSection\":[\"News\",\"Orlando\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jv-to-invest-24m-in-orlandos-lake-eve-resort\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jv-to-invest-24m-in-orlandos-lake-eve-resort\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jv-to-invest-24m-in-orlandos-lake-eve-resort\\\/\",\"name\":\"JV to Invest $24M in Orlando\u2019s Lake Eve Resort - 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