Tourist district hotels go up for auction during pandemic slump
By Matt Trezza
Some Central Florida hotels are on the auction block after the pandemic hit the economy hard.
ORLANDO, Fla. - The Crown Plaza Orlando is an eight-minute drive from Universal Orlando theme parks, and it can be yours. It s one of three hotels in prime theme park territory that have recently headed to the auction block.
Auction company president Lamar Fisher, who is representing the property, said he didn’t know what the winning bid would be when the Crown Plaza went up for auction.
“In a good economy I think the property is worth $40-45 million,” Fisher said. The Crown Plaza auction will likely happen in mid-March.