Regions Southeast
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 Southeast Headlines
Nashville Shopping Center to Get 200,000SF Expansion
July 18, 2008
CBL & Associates have announced plans for an expansion of CoolSprings Galleria, a 1 million-plus-square-foot shopping center in Nashville.
Orlando Industrial Property Sold
July 18, 2008
Delta Properties Intl. L.L.C. has acquired the industrial facility at 1815 Cypress Lake Drive in Orlando, Fla., from LDL Holdings Florida L.L.C.
69-Room Microtel Opens Doors in Suburban Atlanta
July 18, 2008
Development of Microtel Inn & Suites in Woodstock, Ga., has reached completion and made its debut in the suburban Atlanta city. Developed by Dawgwood Hotels L.L.C., the 69-room lodging property sits 30 miles from downtown Atlanta at 305 Molly Lane, and marks the 25th Microtel property to hit the State of Georgia.
Parkway Properties Sells Town Point Center
July 17, 2008
Parkway Properties Inc. closed the sale of the Town Point Center office property in Norfolk, Va. Town Point Center, which is located in the Downtown Norfolk submarket, is a 131,000-square-foot property that is 97 percent occupied.
Chattanooga to Become Home of $1B VW Plant
July 16, 2008
After considering locales in Alabama and Michigan, Volkswagen Group of America Inc. has just decided to develop its new U.S. manufacturing facility in Chattanooga, Tenn.