Monarch Alternative Capital Acquires Dual-Branded SpringHill Suites and TownePlace Suites Orlando Theme Parks/Lake Buena Vista

Monarch Alternative Capital LP | December 1, 2021

NEW YORK and LONDON – December 1, 2021 – Monarch Alternative Capital LP, a leading investment firm with approximately $9.5 billion of assets under management, today announced the purchase of the SpringHill Suites and TownePlace Suites Orlando Theme Parks/Lake Buena Vista in Orlando, Florida. Given the firm's growing real estate presence in the Orlando market which now represents over 1,500 keys across four hotels, Monarch was able to acquire the recently constructed, distinctly positioned property at a discount to replacement cost in an off-market transaction due to the pandemic induced disruption in the business and leisure trav...