CNL Buys Marriott's Three-Hotel Village at Little Lake Bryan for $104 Mil

ORLANDO-In one swoop, locally-based CNL Hospitality Corp. has gathered up a trophy package of tourist-themed hotel assets, making it one of the foremost destination innkeepers in Florida. CNL paid Marriott International Inc. $104 million or $94,545 per room for three hotels totaling 1,100 rooms at the rapidly-developing, 300-acre Little Lake Bryan master-planned community five miles from Walt Disney World’s front door.

The gated hotel complex, positioned around a 30-acre natural lake, comprises a 312-room Courtyard, a 388-room Fairfield Inn and a 400-room SpringHill Suites. It’s the first package deal of its kind done this year, according to local area hotel brokers. Marriott will continue to operate the hotels under a long-term lease with CNL.

“This premiere location and unique village concept, combined with Marriott’s brand loyalty and operational excellence, ensures this property will be a sought-after destination by travelers and a long-standing success,” CNL Hospitality Corp. chief operating officer Charlie Muller tells GlobeSt.com.