GlobeSt.com, however, has learned from hospitality industry sources the asset being sought is the 400-unit, 10-year-old Blue Tree Resort near Walt Disney World, owned by Tokyo-based Aoki Corp. The global construction company is currently restructuring and shedding all hospitality assets, as GlobeSt.com reported Jan. 2.
REH "recently submitted a $10 million bid to a Japanese bankruptcy trustee to purchase a troubled, mixed-use resort and timeshare project in Orlando," REH chairman/CEO Frank Nardozza says in a prepared statement.
REH declined to identify the property it is seeking. "We are under a non-disclosure (agreement) and so cannot answer your question," Niki Borrelli, manager, public relations and administration, REH Capital Partners, tells GlobeSt.com.
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