ORLANDO—Lake of the Woods Resort just traded hands. The price: $2 million. Although the sale price is low, the backstory is noteworthy.
Greene, Canfield, DeGeorge, (GCD Hotels), a Clearwater, FL-based member of Hotel Brokers International, brokered the sale of the Maitland, FL hotel. GCD president Tony DeGeorge and vice president Ken Olipra, represented both the seller and the buyer in the hotel transaction.
The 36-room limited service resort hotel was built in 1990 on a 2.3-acre lakefront parcel in a bedroom community of Orlando. The property was marketed as an ALF-conversion opportunity. The buyer has plans to convert the hotel to a substance abuse rehabilitation facility.
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