Property Types Hospitality
Orlando Hotel Sold
May 7, 2008

The 507-room Holiday Inn SunSpree Resort has just been snapped up by Vista Hospitality Co.  according to the Orlando Business Journal. The property, located on State Road 535 just a stone's throw from Walt Disney World, had been owned by Wells Fargo since 2001 when the bank took over the 256,000-square-foot property from LBVKS Management Co. It was in 1998 that LBVKS purchased SunSpree for $45.6 million.


 
Recent Hospitality Headlines
$390M Expansion of Wisconsin Resort Takes Next Step with Commission's Approval
Delavan Resort Holdings L.L.C. has just received the green light from the City of Delavan Planning Commission to progress to the next phase of the $390 million redevelopment of Lake Lawn Resort, an upscale leisure destination in Delavan, Wis., 10 miles west of Lake Geneva.
Courtyard by Marriott Opens on Gulfport Beachfront
Almost three years after Hurricane Katrina's devastation along the Mississippi Gulf Coast, the Courtyard® by Marriott® Gulfport, located at 1600 East Beach Boulevard in Gulfport, has opened as the coast's beachfront hotel and meetings destination.
$4B Resort Complex for Vietnam's Vung Tau Province
Asian Coast Development Ltd. a privately held Canadian-based resort developer, has been awarded a highly coveted investment certificate by the government of Vietnam that allows for the construction of Vietnam's largest tourism venture, the Ho Tram Strip.
Work Gets Underway on New 215-Room Aloft Hotel in Aventura
Cabi Aventura Hotel L.L.P. and Aventura Development have just broken ground on a lodging facility in Aventura that will carry the flag of Starwood Hotels & Resorts Worldwide Inc.'s new aloft brand. Located about 17 miles from Miami, the 215-room property will also feature 5,000 square feet of meeting space.
Atlantic City Casinos Seeing Lower Profits
The city has hoped that adding new hotels, nightclubs, and shopping will help to compete with Pennsylvania's slot parlors, but times are looking tough.