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The firm plans to redevelop the property at 226 W. Jackson Blvd. into a dual-branded hotel, with a 135-room Hilton Garden Inn and a 214-room Canopy by Hilton.
The financing will help fund continued improvements at the 313-unit, 16-story Downtown Orlando multifamily property that also features 45,510 square feet of retail space anchored by a Publix supermarket.
Zach Aarons, MetaProp's co-founder and partner, advises investors to look for companies that solve problems in a variety of different ways with the end goal to ultimately make processes more efficient.
The firm is partnering with American Development Partners to develop multiple product types, including two facilities for Healthcare Solutions Holdings.