Bank of the Ozarks, Brevet Capital Loan $218M to Build Orlando Hotel and Resort


A JW Marriott hotel and resort in Orlando, Fla., secured $218 million in construction financing brokered by Walker & Dunlop, Commercial Observer can first report.

The 516-key, 4.5-star hotel project will be called the JW Marriott Bonnet Creek and rise on the Disney World campus, according to a representative for the broker, which worked in tandem with SRF Ventures on the transaction.

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Bank of the Ozarks provided the senior loan, while Brevet Capital Management threw in the mezz piece.

The senior mortgage had a loan-to-cost ratio of 61 percent, while the full capital stack represented an LTC ratio of 77.6 percent, the representative said. The project has a total projected cost of $282 million.

The sponsor is DCS Real Estate Investments, which is an affiliate of Schar Holdings, a privately owned real estate development firm founded by Dwight Schar, a philanthropist who helms homebuilder NVR.

The JW Marriott Bonnet Creek will have a rooftop bar and “signature restaurant,” according to the Orlando Business Journal.

Bank of the Ozarks and DCS did not immediately respond to a request for comment and no one answered the phone at Brevet Capital.