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The Crossland Economy Studios, the silver-roofed building in the middle, has Westmont Hospitality Group as its new owner.
The Crossland Economy Studios, the silver-roofed building in the middle, has Westmont Hospitality Group as its new owner.

A motel near the University of Central Florida was among the 53 lodging properties that  Extended Stay America sold to Westmont Hospitality Group last week for $285 million.

Westmont bought from Extended Stay America 47 Crossland Economy Studios and six Extended Stay America hotels, allowing Extended Stay to achieve its goal of operating under one brand. The package included a Crossland near UCF which went for $6,067,000, property records show.

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Extended Stay had operated the motel since it was built in 1998, and paid $500,000 for it, according to filings with the Orange County Property Appraiser's Office.

The purchase of the Crossland at 12358 E Colonial Dr. was done through DW Crossland Owner LLC. The entity is affiliated with Ontario-based Westmont Hospitality Group.

Westmont owns over 500 hotels worldwide, but its only other location in Florida is in Ft. Lauderdale.

Extended Stay of America made the sale through Esa P Portfolio LLC, whose address is the company's former headquarters in Spartanburg, S.C.

The Orlando Crossland is geared toward longer stays, for such lodgers as parents of UCF students, which is two miles to the south. A desk attendant said weekly rates start at $393.68 and that each room has a kitchenette and a microwave.

The three-story motel has around 50,000 square feet of living space and 139 units. The property sits on a four-acre parcel.

Extended Stay America is the biggest owner/operator of company-branded hotels in North America, with 629 in the US and Canada that account for roughly 69,400 rooms.

Westmont operates 500 hotels across three continents. Its brands include Fairmont, InterContinental Hotels, Hilton, Accor, Starwood, Wyndam, Choice Hotels, Renaissance, Radisson and Best Western.

Representatives of Extended Stay America and Westmont Hospitality Group did not return calls seeking comment.

Have a tip about Central Florida development? Contact me at ktalley@growthspotter.com or (407) 420-5176. Follow GrowthSpotter on FacebookTwitter and LinkedIn.

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