JLL has arranged a new $735 million, five-year, floating-rate SASB CMBS term loan to refinance the Walt Disney World Swan, Walt Disney World Dolphin and Walt Disney World Swan Reserve (collectively, Swan & Dolphin Resort), a 2,619-key resort situated directly adjacent to the theme parks within Walt Disney World in Lake Buena Vista, Fla.
JLL represented a joint venture between Tishman Hotel & Realty and MetLife Investment Management (MIM). Wells Fargo, Bank of America and Goldman Sachs were the lenders.
Located adjacent to Walt Disney World's Epcot and Hollywood Studios theme parks, the Swan & Dolphin Resort is the only non-Disney hotel located on the grounds of Walt Disney World. Built by Tishman and MIM and opened in 1989/1990 and 2021, the iconic Michael Graves–designed Swan & Dolphin Resort consists of three Marriott branded hotels: the 756-key Swan (Sheraton), the 1,514-key Dolphin (Westin) and the 349-key Swan Reserve (Autograph Collection). The
