Tina Necrason of Orlando, who says she was hired by court-appointed receiver Todd Smith to market the properties for sale, tells GlobeSt.com that the project's collateral--25 residential condominiums and two ground-floor commercial condominiums--will be sold as one property via a sealed-bid auction next month.

Goldman Sachs lent $27 million to CJS Hotel LLC for the condominium development, according to published reports. CJS Hotel is a partnership led by Denver hotel developer Charlie Biederman. The 202-room, $75-million hotel below the condominiums was separately financed.

The hotel and the condominium are located at 1881 Curtis St., which was formally an Embassy Suites hotel. The condominium units are located on floors 15-19 of the 38-story building, which is topped off by apartments. Amenities for the condo owners include a private owners' lobby with direct elevators, a dedicated owners' lounge and board room, and a dedicated concierge.