Hospitality

ORLANDO, FLA. — Vista Hospitality has acquired SunSpree Resort by Holiday Inn, a 507-room, 10-acre property in Orlando, from Miami-based LNR Property Corp., for an undisclosed amount. The resort features a swimming pool, fitness center, meeting space, an arcade, four restaurants and the Bikini Bottom Theatre. Ali Baheri of Molinaro Koger’s Washington, D.C. office was the sole broker and exclusively represented the seller. Vista will manage the hotel and retain the Holiday Inn Resort flag. The resort is located along State Route 535 near the Walt Disney World Resort.

GAFFNEY, S.C. — Tilbros, Inc. has acquired a 61-room, 25,180-square-foot Holiday Inn Express located in Gaffney, from P.M.P. LLC, for $3 million. The three-story hotel’s amenities include a pool, a business center, a fitness center and meeting space. Anthony Falor of Atlanta-based Hodges Ward Elliott was the sole broker in the sales transaction and exclusively represented the seller. The property will be repositioned as a Sleep Inn.

COLLEGE PARK, GA. — International Hotels Group is developing a 142-room Hotel Indigo at the Princeton Village mixed-use development in College Park. The five-story hotel will feature Phi, a causal gourmet restaurant; the Phitness studio; a 24-hour business center; an outdoor pool; and meeting space. The hotel is owned by Parkside Developers and will be managed by Cambridge Hospitality. The property is located at the intersection of Harvard and Washington streets, in close proximity to the Atlanta Hartsfield-Jackson International Airport. Construction is slated to complete in summer 2009.