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New York Hotelier Set to Buy Former 1,000-Room Orlando, Fla., Hyatt.
Knight Ridder/Tribune Business News, June, 2004
The Orlando Sentinel, Fla. Knight Ridder/Tribune Business News
Jun. 18--The former Hyatt Orlando near Walt Disney World, which closed last September, may get new life under a New York-based owner.
Hotelier Morris Moinian said Thursday that he has a contract to buy the nearly 1,000-room hotel off Interstate 4 and U.S. Highway 192 and expects to close "in short order."
The hotel, which opened in the early 1970s, was the highest-profile victim of the economic downturn that claimed a handful of small motels in the Kissimmee area and north Orlando, and the Four Points Sheraton in downtown Orlando, during the past several years. The Four Points is being converted to condominiums.
Moinian declined to say how much he will pay for the...
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