ORLANDO-I-Shops Orlando LLC has purchased Wyndham Orlando Resort, a 1,058-room property situated on the southeast corner of International Drive and Sand Lake Road, for $32.4 million. The resort sits on 42 acres of land.
Teachers Retirement System of the State of Illinois has sold the resort for $771,429 per acre. I-Shops Orlando is planning to redevelop the property into a $100-million retail and dining complex. Robbie McEwan of CBRE in Orlando represented the seller in the deal. For the full story, go to Orlando Business Journal .
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