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Siegel Debuts $10M Dude Ranch

ORLANDO-The timeshare developer bought the former 1,700-acre River Ranch Acres near Lake Wales, FL, 75 miles southwest of Downtown Orlando for $6 million, then sank another $4 million in renovations.

By Alex Finkelstein | Updated on July 02, 2002

ORLANDO-Timeshare developer David A. Siegel, at 65, can’t seem to make deals or open new enterprises fast enough.

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.

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