CHICAGO—Jones Lang LaSalle Hotels and its partner, Auction.com, have set dates to auction a collection of water park hotels either individually or as a portfolio.
The hotel-only auction will be conducted from February 15 to 17.
The portfolio consists of 10 full-service and limited-service water park hotels collateralized by assets that are strategically situated throughout key markets in the Midwest and Northeast, according to JLLH. The hotels are affiliated with IHG, Marriott, Best Western or operated independently of a national franchise. Each property features a new water park component—upwards of 50,000 square feet—that is operated under the CoCo Key Water Resort brand.