KISSIMMEE, FL-Tampa-based Sun Hospitality Advisors has sold four hotels with a total of 1,349 units for more than $31 million. Three of the hotels are exterior corridor assets located in close proximity to each other in Kissimmee’s Maingate West lodging node. The other hotel is an interior corridor asset on International Drive in Orlando.

In Kissimmee, the 295-unit Holiday Inn Maingate West was sold to a first-time hotelier based in Florida who plans to convert the property to a condominium hotel. Also, the 445-unit Hawaiian Maingate Resort was sold to a California-based investment group that plans to invest $3.5 million to renovate the property and rebrand it as a member of the America’s Best Value Inn lodging system; and the 391-unit was sold to a Florida-based investment group that owns another hotel in the Kissimmee market.

The Orlando property, the 218-unit I-Drive Inn, was sold to a Michigan-based hotelier who plans to spend $2 million to renovate the property.

Sun Hospitality Advisors vice president Robert O’Leary tells that the properties had been foreclosed upon and were owned by the lenders. Sun Hospitality Advisors is a division of the Plasencia Group Inc., which were hired to sell the properties.

“We put together a comprehensive marketing plan that focused on the unique strengths and upside potential of each hotel,” O’Leary says. “The properties are now well positioned to benefit from the growth of the Florida market, as well as the individual talents and commitments being applied by their new owners.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.