Wednesday, March 23, 2011

C&W announces sale of World Quest Resort Near Disney in Orlando

Orlando, FL – Cushman & Wakefield of Florida, Inc. announces the sale of WorldQuest Resort (top left photo), consisting of 96 unsold units plus 9.29 developable acres, pool, and amenity center.

The property was owned by REDUS Florida Condos, which was represented by Cushman & Wakefield Senior Director of Land Brokerage, Margery Johnson, CCIM, CIPS.

Buyer WQ Hotel Management, LLC paid $12,000,000 in the transaction, which closed on March 10.  The property is located within the World Gateway DRI, near the entrance to Walt Disney World.

"We are pleased with this sale, which is an indication of the improving prospects for Orlando tourism," said Johnson.

Contact:  Brook Hines,  Tel: 407-541-4401,

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