Dealmaker: Host Hotels Acquires Four Seasons Resort Orlando for $610M

Host Hotels & Resorts, Bethesda, Md., acquired the 444-room Four Seasons Resort Orlando at Walt Disney World for $610 million on April 30.

Located within Walt Disney World Resort, the Four Seasons Resort Orlando sits on 289 acres and is the only AAA Five Diamond-rated hotel in central Florida.

The lodging real estate investment trust paid cash for the resort.

Host Hotels & Resorts President and CEO James Risoleo said the property is well positioned to benefit from “significant demand” as the pandemic subsides and the 18-month celebration of Walt Disney World’s 50th anniversary begins in October. “This resort is now Host Hotels’ highest-ranked property based on 2019 RevPAR and Total RevPAR and fifth-highest based on [earnings] per key,” he said.

The off-market transaction price equates to $1.4 million per key, representing a 4.7 percent capitalization rate based on the resort’s 2019 results. The Four Seasons Resort Orlando generated RevPAR of $561, Total RevPAR of $923 and earnings per key of $81,5002 in 2019, which represents 90 percent growth since 2016.

The resort includes 55,000 square feet of meeting space, five pools, a 13,000-square-foot spa, an 18-hole golf course and Explorer Island, a five-acre water park/entertainment area.