"There is something in the works but I would rather not talk about that now," Bryan Lewis, Blue Tree's loan services manager, tells GlobeSt.com in a telephone interview. "Keep your eyes open, though."

Lewis says that despite industry speculation, Blue Tree continues to market its timeshare units and has no immediate plans to stop. "It's been slow, just as everybody else in this industry has been experienced since Sept. 11," Lewis says. "But we're still in business."

If the 16-acre Blue Tree Resort is sold, it would mark the first fallout of a high-profile resort to change hands in Orlando since the 9-11 tragedy. Two national brand hotels are also considering filing for bankruptcy protection in Orlando but GlobeSt.com couldn't confirm those plans.