A Mexican timeshare and resort company has acquired a recently renovated 200-room hotel on Kissimmee's W192 corridor.
Pablo Gonzalez Carbonell, president of Royal Holiday Vacation Club, is affiliated with the entity that paid $10.5 million this week for the Satisfaction Orlando Resort.
The hotel now is listed as one of the company's three Orlando-area resort properties, available to its 100,000 members.
The seller was Satisfaction Corp., headed by French Canadian businessman Martin Coulombe. Satisfaction bought the hotel at 1500 N. Thacker Avenue in 2011. The company proceeded with a full renovation of the 3-story property, adding new flooring, stone accent walls, kitchenettes, granite counters and furniture. The pool area and expansive deck also were fully upgraded.
Learn why the buyer decided to invest in the Kissimmee submarket.
The property comprises two buildings constructed in 1973 and and a third added in 1984. It has a variety of room sizes, ranging from a standard single to family suite with kitchen and two bedrooms.
Royal Holiday's Gonzalez Carbonell founded the vacation club 30 years ago. It now has 180 destinations worldwide and its own chain of hotels: Park Royal Hotels & Resorts. The company employs 4,000 people.
Find out why a hotel owner is changing course a third of the way into a massive renovation on the W192 tourist corridor.
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