For the developers of The World Quest condo hotel resort near Disney, 2009 is off to a poor start. Following their failed auction last year, the owners have struggled with sales - as have most of the area's condo hotels. Now, according to the Orlando Business Journal, Wachovia has filed a foreclosure suit for $31 million. "The incredible nature of recent economic events made sales almost impossible to come by..." said Tony Ruben, president of the parent group of WorldQuest Resort. The [...]
Good news for Orlando condo hotel owners - or any Orlando second home owners who rent out their condos: According to a Smith Travel Research survey, Orlando’s hotel room occupancy levels rose last week, posting the second largest year-over-year increase of the nation’s top 25 lodging markets. Orlando area occupancy increased 14.7 % during the week for January. 3 2009, compared to the same week a year earlier. Nationally, occupancy dropped 0.5 % says the report. [...]
Absolute Auction 15 Sell Regardless of Price! No Minimums • No Reserves World Quest Resort Orlando will auction 15 luxury condos “absolute†on Saturday, September 6, 2008. The condos are said to be guaranteed to sell regardless of bid price - no minimums, no reserves. Both 2 and 3-bedrooms will be available. All have upscale kitchens and private balconies. It’s a fantastic neighborhood, quiet and secluded - yet just one mile from Disney. You may opt in or out of [...]
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