Jones Lang LaSalle Hotels has been selected to exclusively market for sale WW Lodging, Inc., a private REIT. The assets of the REIT include the Best Western Lake Buena Vista in Lake Buena Vista, Florida; the…
Jones Lang LaSalle Hotels has been selected to exclusively market for sale WW Lodging, Inc., a private REIT. The assets of the REIT include the Best Western Lake Buena Vista in Lake Buena Vista, Florida; the Hilton Harbor Island in San Diego, California; and the Radisson Fisherman’s Wharf and its adjacent square feet of retail space in San Francisco, California.
“WW Lodging Inc. offers investors the chance to gain access to three of the country’s most exciting markets at the same time,” said Arthur Buser, managing director for Jones Lang LaSalle Hotels. “The San Diego and San Francisco hotels are located right on the water in their respective markets, with ocean views from a majority of their room inventory. The Lake Buena Vista property is located right next door to Walt Disney World and set in a lush, tropical setting.”
“All three of these hotels are being offered free and clear of management encumbrances,” said John Strauss, senior vice president, Jones Lang LaSalle Hotels. “And each property presents an unmatched opportunity to take advantage of the robust hotel market through targeted capital injections to further maximize ADR gains recently seen at these assets. Added to these exceptional hotel assets is 45,000 square feet of prime retail space, one of the hottest real estate investments in today’s market, located in the heart of Fisherman’s Wharf.”
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