Some Central Florida hotels are on the auction block after the pandemic hit the economy hard.
The Crown Plaza Orlando is an eight-minute drive from Universal Orlando theme parks, and it is up for grabs on the auction market. It’s one of three hotels in prime theme park territory that have recently headed to the auction block.
Auction company president Lamar Fisher, who is representing the property, said he didn’t know what the winning bid would be when the Crown Plaza went up for auction. They would expect $40-45 million in a healthy economy, but it might sell for half that price.
Two other hotels a stone’s throw from Disney were also up for bid: a Comfort Inn on Irlo Bronson Memorial Highway, and the Grand Hotel at Celebration in Kissimmee. The pandemic has taken a toll on their hotel business over the past 9 months. According to experts, more hotels will start to hit the sales block in 2021.
Even though these hotels are going up for auction, some industry experts remain hopeful.
When Disney and Universal come back, everyone’s going to start coming to Orlando again. It’s gonna happen. Marriott, all these companies’ CEOs are saying the worst is behind us.
– Rob DelliBovi, Hospitality Industry Consultant
Let our friends at Destinations to Travel help you book your next Disney Vacation. They are the preferred Travel Agency of Chip and Company and Disney Addicts, and who we use ourselves.
Get started below for your FREE No Obligation Quote.
Book With our friends at Destinations to Travel
For the BEST in Disney, Universal, Dollywood, and SeaWorld Theme Park News, Entertainment, Merchandise & More follow us on, Facebook, Instagram, and Youtube. Don't forget to check out the Chip and Company Radio Network too!