Hodges Ward Elliott (“HWE”) is pleased to offer on an exclusive basis the leasehold interest in the Delta Hotels by Marriott Orlando Celebration, a 718-room, 26-acre resort campus located at the doorstep to Walt Disney World in Orlando, Florida. The resort is comprised of six guestroom towers, meeting space totaling 13,327 SF, five food and beverage outlets, three swimming pools, and two tennis courts. Originally constructed in 1987, the resort has recently undergone a multimillion-dollar renovation. Current ownership has spent over $23 million in renovation of the lobby, common areas, and fire and life safety systems.
The ground lease terms are amongst the most favorable and easy to underwrite in the market today. The leasehold owner has an option to buy the ground in 2048 at a fixed price of $32 million. At 718 rooms spread evenly throughout six interconnected buildings, the Delta Hotels by Marriott Orlando Celebration offers attractive economies of scale and operating efficiencies for increased profitability. With the current lack of largescale opportunities in the market and the strength of a recently renovated property, the Delta Hotels by Marriott Orlando Celebration presents a strong opportunity to invest in one of America’s foremost markets.
| Address: | |
| Year Built / Renovated | 1987 / 2021 |
| Guest Rooms | 718 |
| Meeting Space | 13,327 SF |
| Site Size | 21.3 AC |
| Food & Beverage |
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| Amenities |
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| Interest | Leasehold |
| Labor | Non-Union |
| Franchise | Delta Hotels by Marriott |
| Management | Unencumbered |
Investment Highlights
POWER OF THE PARKS
Orlando is the #1 travel destination in the U.S., welcoming 75 million visitors annually. Walt Disney World is the #1 destination in Orlando with nearly 49 million. In addition to the four Disney theme parks in Walt Disney World, Orlando benefits from other significant theme park demand generators such as: four Universal theme parks, SeaWorld, LegoLand, two Fun Spot parks and several water parks. Most importantly, Universal’s new EPIC Universe theme park opened in May. It is the single largest demand generator to open in the Orlando market in the last 25 years.
Theme park demand generators will continue tvo deliver in Orlando beyond Epic Universe. Disney owns approximately 30,000 acres in Orlando and in 2025 the Central Florida Tourism Oversight District (CFTOD) released a new comprehensive plan that approves Disney to build three new theme parks over the next 10-15 years. The CFTOD has marked 2,168 acres of Disney property as “suitable” for development. Delivery of significant new theme park demand generators in Orlando has no end in sight.
ROBUST CORPORATE DEMAND WITH STRONG CONVENTION CALENDAR & EXPANSION
Orlando is not only a leisure market but also a strong corporate travel market. Orlando’s Orange County Convention Center (OCCC) is the third-largest convention facility in the US, featuring over 2.5 million square feet of exhibition and meeting space. It is located only 20 minutes from the resort. In FY 2023–2024, the OCCC hosted 189 events, welcoming 1.75 million attendees and driving an estimated $3.9 billion in economic impact to the Orlando market. To keep pace with rising demand, Orange County has approved a $900 million multi-phase expansion, which will deliver an additional 1.15 million square feet of space. Phase one is slated for completion in 2027, with the full expansion expected by 2029, further cementing Orlando’s position as a premier national and international convention destination.
RECENT INVESTMENT IN PROPERTY & CONVERSION TO DELTA
Ownership invested over $23 million to fully renovate and convert the property to a Delta Hotels by Marriott, bringing it up to Marriott’s premium brand standards. The project included a complete lobby transformation with open-concept design, expanded seating, and modern finishes, as well as a full redesign of the on-site restaurant and bar, Rum Shack, featuring a coastal aesthetic and enhanced menu. Upgrades also extended to 13,000 square feet of meeting space and refreshed recreational amenities. The Delta conversion further strengthens the Hotel’s market position by leveraging Marriott’s global distribution network, loyalty program, and brand recognition.
UNIVERSAL’S EPIC UNIVERSE OPENING
Located 20 minutes from the Resort, Universal’s Epic Universe opened on May 22, 2025, marking the most significant theme park addition in Orlando in decades. The 750-acre expansion features five immersive lands—Super Nintendo World, The Wizarding World of Harry Potter: Ministry of Magic, How to Train Your Dragon: Isle of Berk, Dark Universe, and Celestial Park, anchored by record-setting attractions such as the Stardust Racers dual-launch coaster. Epic Universe has already begun driving outsized results, contributing to a 19% year-over-year increase in Universal’s theme park revenue and is projected to generate $2 billion in annual economic output for Florida. The opening follows a long history of major Orlando attraction debuts, such as The Wizarding World of Harry Potter and LegoLand. These openings fueled double-digit RevPAR growth in the local hospitality market. With more than 17,500 new jobs created and Universal Orlando’s footprint nearly doubled, Epic Universe is positioned to be a transformative, long-term demand driver for both tourism and lodging in the region.
ROBUST ORLANDO GROWTH
Orlando is experiencing transformative growth, with over $15 billion in major infrastructure projects enhancing the region’s connectivity, transit, and urban development. Key initiatives include the completed I-4 Ultimate project, which has improved traffic flow along the region’s busiest corridor, and the operational Brightline Express Rail, connecting Orlando and Miami via high-speed service. Orlando International Airport has expanded with new gates, a 203,000-square-foot terminal addition, and new international routes to destinations such as Buenos Aires, Paris, and Munich. Downtown Orlando is benefiting from projects like The Canopy, a 10-acre urban green space beneath I-4, while transit expansions like SunRail Phase 3 and local developments including Westcourt Orlando, a mixed-use hotel, residential, and event venue project, are enhancing mobility and urban amenities.
Westcourt Orlando
FAVORABLE LEASEHOLD TERMS
The lease has 92 years of term remaining with rent increases set at a fixed 2% per annum. The leasehold owner has an option to purchase the ground in year 30 (2048) for $32 million. These are some of the most secure, predictable, and favorable leasehold terms in the market today, making the asset straightforward to underwrite.
DISCOUNT TO REPLACEMENT COST
To acquire the land and construct a similar property today would cost in excess of $400,000 per room and could take up to three years to complete.
POWER OF MARRIOTT
Marriott International remains the undisputed leader in the US lodging industry, consistently ranking at or near the top in customer loyalty and brand recognition across all segments. As of Q2 2025, Marriott reported a 4.7% year-over-year increase in revenue, totaling $6.74 billion, and an adjusted EBITDA of $1.4 billion, reflecting a 7% increase from the previous year. Marriott Bonvoy, Marriott’s loyalty program, boasts over 203 million members, making it one of the largest hotel loyalty programs globally. Marriott’s robust reservation system, consistent product quality, and comprehensive corporate support enable its affiliated hotels to often lead their competitive sets and deliver superior financial returns to owners and investors.
Value Add Opportunities
EXPLORE FOOD & BEVERAGE IMPROVEMENTS
A new investor can explore the option of reconcepting or repositioning the current food and beverage venues with the potential to outsource or affiliate with a known brand restaurant or a celebrity chef. Other properties in the competitive set are currently able to better capture local and drive-to demand by partnering with national brands to attract non-guest revenue. There are approximately 7,400 apartment units within three miles of the Hotel.
ACTIVATE ADDITIONAL GUEST AMENITIES
The Property has an underutilized area adjacent to the laundry facility where two tennis courts and a volleyball court currently stand. In addition to the future ability to add [600] more keys, a new owner could explore adding recreational amenities such as miniature golf or a waterpark concept. These new amenities could allow ownership to increase resort fees and capture outside revenue.
FUTURE DEVELOPMENT POTENTIAL
In addition to the current 718 keys, new ownership will inherit already approved future development rights to build an additional tower with up to 600 new keys. A new owner will have flexibility in both the location of the expansion on the site and in the configuration of the space within the limits of the approved square footage. A new owner might also consider a significant increase in meeting space.
