Upscale resort near Walt Disney World trades for approximately $121m

A joint venture between Tishman Realty and Cross Lake Partners has acquired Wyndham Grand Orlando Resort Bonnet Creek, a 400-key, upscale resort bordering Walt Disney World in Orlando, for $121 million.

Wyndham Hotels & Resorts was the seller.

Wyndham Grand Resort Orlando Bonnet Creek features 50,000 square feet of flexible event space, including three ballrooms; shares six pools and two lazy rivers with the neighboring timeshare complex; and has a spa with six private treatment rooms, a jogging trail, fitness center and a shuttle service to Walt Disney World. In addition, the resort offers six food and beverage venues, including Deep Blu Seafood Grille & Sushi, Back Bay Bar & Grill, Tesoro Cove Family Fare and Bar 1521.

Situated on 7.3 acres in Bonnet Creek, a private development of four hotels bordered by Walt Disney World on three sides, the resort is within two miles of Disney’s Hollywood Studios, Epcot and the entertainment and retail emporium