EconoLodge Hotel in Orlando Sells for $6,300,000.00
Kartar LLC recently closed on its sale of the EconoLodge hotel located at 8700 South Orange Blossom Trail, Orlando, Florida 32809. The sale closed on August 25, 2020.
The Seller financed a part of the sale, and extended a loan to the Buyer for $5,280,000.00 (approximately 84% of the purchase price).
The Buyer, 8700 OBT Orlando Holdings LLC, is associated with Robert Beyer, an attorney practicing in Boca Raton, Florida. According to certain recorded documents associated with the sale, the Buyer's email address points to www.aptsuites.com, which operates extended-stay lodging / accommodations.
Chirag B. Kabrawala, Esq.