Can the hotel market sustain strength in 2015? Orlando parcels sold for hotel development.

ORLANDO—Two strategic vacant lots spanning 280,526 square feet along Ravallo Resort Drive in Orlando’s tourist corridor just traded hands. The sale price: $3.5 million.

Avison Young senior vice president Lawson Dann represented the seller, Daishin Ravillo USA in the sale of 167,706-square-foot land parcel located feet at 1901, 11969 and 11970 Ravallo Resort Drive sold for $2.364 million. Dann also represented James R. Boyce Trust in the $1.136 million sale of a land parcel spanning 112,820 square feet at 11941 Ravallo Resort Drive.

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Jennifer LeClaire

GlobeSt

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