On Friday, Siegel debuts his $10 million Westgate River Ranch Resort by throwing a two-day public party at the 1,700-acre site outside Lake Wales, FL, 60 miles south of Downtown Orlando.

The July 5-6 dude ranch opening follows Siegel's $12.75 million purchase of the 1,000-acre, 750-room Grenelefe Golf & Tennis Club resort near Winter Haven, FL, 15 miles north of Lake Wales. Siegel purchased Grenelefe at a U.S. Bankruptcy Court auction in Tampa, FL June 19.

Before doing the Grenelefe deal, Siegel purchased an 80,000-sf Scotty's Inc. store in Ocoee, FL, an Orlando suburb, for $3.8 million or $47.50 per sf. Siegel plans to convert the retail structure to a timeshare call center for his $500 million Central Florida Investments Inc., his real estate holding company.