Hotel Online  Special Report

 Intergroup Represents Purchaser
in Orlando Hotel Transaction

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March 1, 2005 - Tandy O. Lofland, president of Intergroup Realty, Inc., announced that the firm represented the purchaser in the recent acquisition of the Best Western 
Universal Inn located near Universal Studios Florida, Walt Disney World, and Orlando's many other attractions.

Built in 1998, the three-story, interior- corridor hotel serves the fast-growing Orlando tourist,  group, and convention markets.  The seller, Allegiance, L.L.C., conveyed the property to the private purchaser for $3.6 million, or more than $51,000 per room.
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The purchaser plans to make a number of capital improvements to the 70-room hotel and will implement new management and marketing programs.  The Best Western 


Best Western Universal Inn
5618 Vineland Road
Orlando, FL 32819
franchise will be retained.

About Intergroup:

Since 1980 Intergroup has provided transaction and development services for hospitality and commercial properties in the U.S., Europe, the Caribbean and Latin America, with an emphasis on full-service, first-class hotels, resorts, and mixed-use developments.  Company experience includes development, marketing, and management of The Parkway, a 195-acre mixed-use development next to Walt Disney World in Orlando, and transactions or projects involving such hotel brands as Four Seasons, Hilton, Sheraton, Holiday Inn, Crowne Plaza, Radisson, Hyatt, Homewood Suites, and Hampton Inn. Significant transactions include the recent sale of a 12.1-acre development site for a 250-unit, mid-rise time-share project; sale of a 377-room, 2-hotel package in Houston, Texas;  sale of the 317-room Hilton Knoxville; sale of the 718-room Radisson Resort Parkway in Orlando; rebranding of the Four Seasons Hotel Buenos Aires, Argentina and Four Seasons Resort Carmelo, Uruguay; and establishment of a joint venture for the development of a new 200-room Hilton Garden Inn near San Diego, CA.

Currently celebrating its 25th anniversary, Intergroup has provided transaction and development services on  over 75  properties and projects worth well over $1 billion.

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Contact:
Tandy O. Lofland, President
Intergroup Companies
950 Echo Lane, Suite 352
Houston, TX  77024
(713) 973-2130;  (713) 973-2133 fax
tandy@intergroupcompanies.com
www.intergroupcompanies.com
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Also See: Intergroup Represents Buyer in 377-Room, 2-Hotel Purchase / January 2005
Intergroup Arranges $21 million Sale of 317-room Hilton Knoxville / December 2004
Intergroup Arranges $43,500,000 Sale of 718-room Radisson Resort Near Walt Disney World / September 2004


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