ORLANDO—Lake Eve Resort, a 364-bedroom property sitting on nineacres near Orlando theme parks, has new owners. A joint venturebetween The Arden Group, Eightfold RealEstate Capital and Hostmark HospitalityGroup has acquired the resort.

The joint venture is investing a total of $24 million. Thatprice includes the cost of upgrades to the guest rooms, lobby,exterior lighting and signage, and expanding the pool area with anew children’s water park.

“It’s a great time to invest in an Orlando resort, as the markethas recovered and started to grow again,” Craig A.Spencer, president and CEO of Arden, tells GlobeSt.com.“In 2011, Orlando had 55 million visitors, which is about 5% above2010’s vacation numbers. The numbers for 2012 are on track to beeven better. And Orlando is expecting 15% job growth over the nextfive years. These are all strong signs of a solid and growingmarket.”