Posted 10/15/2012 - 9:42:50 AM
The Westin Imagine
ORLANDO, FL—HFF closed the sale of the 315-room Westin Imagine Hotel, here, on behalf of seller REDUS Imagine, LLC, a bank group that foreclosed on the property earlier this year.
ERGS WI Orlando REO, LLC purchased the property and the operator of the hotel, Pyramid Hotel Group, will remain in place. The transaction also included a condominium-hotel component and approximately 24 acres of land surrounding the hotel.
The Westin Imagine is located adjacent to the Orange County Convention Center and is close to theme parks and shopping destinations.
Completed in 2008, the hotel features Fiorella’s Cucina Toscana restaurant, more than 7,000 sq. ft. of meeting space and resort-style pool and fitness amenities.
The HFF team representing the seller was led by Senior Managing Director Daniel Peek, Directors Max Comess, Michael Weinberg and Paul Hsu, and Senior Real Estate Analyst Cyrus Vazifdar.
The buyer was represented by the Pittsburgh office of Eckert Seamans Cherin & Mellott and the Miami office of Greenberg Traurig.