The seller was WhiteHall Fund, a division of New York-based Goldman Sachs. The seller of record was the mutual fund's W9/RSO Real Estate Limited Partnership based in Dallas.

Representatives for Mike Frost, CEO of Buena Vista Hospitality Group and Richmond McCoy, president and CEO of UrbanAmerica declined to disclose the contract price. However, area hospitality industry sources tell GlobeSt.com their closing price range estimate, based on comparable area property sales in the last three years, would be in the $40,000 to $60,000 per-room range.

The property sale wasn't recorded at the Orange County Property Appraiser's office as of Sept. 29. However, county real estate records show the property has a 2006 taxable value of $43.7 million, up from $38.4 million in 2005. Records show the resort was last traded on Feb. 12, 1998 for $9.9 million; on May 14, 1987 for $5.25 million; and just before it opened, for $2.53 million on Sept. 1, 1979. The resort was developed in stages from 1980 through 2000. The property's 28.6 acres alone are valued at $14.6 million for tax purposes.