A $350 million luxury Disney resort in the works recently secured $218 million for construction. Walker & Dunlop and SRF Ventures arranged the financing, while DCS Real Estate Investments is in charge of the redevelopment.
JW Marriott Bonnet Creek will consist of a resort and a 516-room hotel in Orlando’s Disney World. This resort will cover 700,000 square feet and feature 50,000 square feet of space—most of which will be used for banquets, a rooftop bar, spa and gym, meeting space, and a business center.
DCS bought the property back in 2013 for $2.2 million. The firm specializes in real estate financing. Obtaining construction loans have been difficult lately, so the fact that DCS got the funding is great news. The project’s completion date is by the end of 2019. This upscale resort will most likely have an impact on the tourism industry. Because it is a 4.5 luxury resort in a hot vacation spot, the property will attract high-end tourists and lots of wealthy families.