{"id":1004374973,"date":"2019-12-11T08:06:12","date_gmt":"2019-12-11T16:06:12","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004374973"},"modified":"2019-12-11T08:06:12","modified_gmt":"2019-12-11T16:06:12","slug":"orlando-resort-trades-for-21m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/orlando-resort-trades-for-21m\/","title":{"rendered":"Orlando Resort Trades for $21M"},"content":{"rendered":"
\"CoCo<\/a>

CoCo Key Hotel and Water Resort. Image courtesy of Marcus & Millichap<\/em><\/p><\/div>\n

InSite Group has sold CoCo Key Hotel and Water Resort, a 396-key hospitality asset in Orlando, Fla., to a private investor. The buyer paid $21 million, according to public records, financing the acquisition with a five-year, $3.5 million mortgage from Amerant Bank.<\/p>\n

Marcus & Millichap assisted the buyer in the transaction. The property last changed hands in 2015 for $15.1 million. <\/p>\n

Built in 1970, CoCo Key Hotel and Water Resort has, in addition to its guestrooms, a 54,000-square-foot water park. The hotel’s guest amenities include a swimming pool, a fitness center, a business center and three on-site restaurants. <\/p>\n

Located on 9.4 acres at 7400 International Drive, the property is alongside Interstate 4 in one of Orlando’s major hospitality corridors, 3 miles from Universal Orlando Resort. Orange County Convention Center is 2 miles south, and the hotel is 9 miles from the world’s largest Holiday Inn resort, reopened in June following the completion of $27.5 million in renovation work<\/a>.<\/p>\n

Senior Director Ahmed Kabani and Associate Juan Alzate with Marcus & Millichap\u2019s National Hospitality Group represented the buyer.<\/p>\n","protected":false},"excerpt":{"rendered":"

The property, which includes 396 guestrooms and a water park, sold for $21 million.<\/p>\n","protected":false},"author":870,"featured_media":1004374988,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,21751,21783,21742,1493],"tags":[47036,48134,34836,48143],"class_list":["post-1004374973","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-hotel","category-investment","category-latest","category-orlando","tag-amerant-bank","tag-insite-group","tag-marcus-millichap","tag-universal-parks-resorts"],"acf":[],"yoast_head":"\nOrlando Resort Trades for $21M - 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\/orlando-resort-trades-for-21m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Orlando Resort Trades for $21M\" \/>\n<meta property=\"og:description\" content=\"The property, which includes 396 guestrooms and a water park, sold for $21 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/orlando-resort-trades-for-21m\/\" \/>\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=\"2019-12-11T16:06:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/CoCo-Key-e1576064394929.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"596\" \/>\n\t<meta property=\"og:image:height\" content=\"447\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adriana Marinescu\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/orlando-resort-trades-for-21m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/orlando-resort-trades-for-21m\/\",\"name\":\"Orlando Resort Trades for $21M - 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