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HREC Sells Lexington Suites for $4.2M

ORLANDO-The latest in International Drive transactions further posits Orlando as, HREC vice president Paul Sexton tells GlobeSt.com, “possibly the fastest recovering market” in central Florida for hotels.

By Miriam Lamey | Updated on March 29, 2012

ORLANDO-According to Paul Sexton, vice president of HREC Investment Advisors: “if you look at the Central Florida market overall, we are back to 2007 hotel occupancies.” The market seems to be bouncing back well, he says, making the recent $4.2M sale of the 154-room Lexington Suites further evidence of the area’s revitalization.  

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