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 [...]
With two out-of-state visitors wanting to bid by phone and internet on these beautiful condo hotel suites near Disney World, we attended the World Quest auction on their behalf this weekend. We were not expecting a good turnout based on pre-registration numbers but equally, we weren't expecting to be told as we approached the marquee that the auction had been "postponed" due to lack of sufficient participation! I counted less than 30 people scattered around the vicinity and assumed they were [...]
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