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Business & Finance

Disney Area Hotel to be Sold at Auction by Tranzon Driggers

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Kissimmee, FL. March 15, 2017 - Tranzon Driggers announces their upcoming bankruptcy auction of a Disney Area Hotel in Osceola County, FL (Case # 8:16-bk-07190-MGW Tampa Div). Due to its prime location in an intensive tourist district, the property is rare to the market resting on 1.9± acres just four miles from Disney, seven miles from SeaWorld and twenty miles to Orlando International Airport. The hotel features 89 total rooms – 12 suites, 64 doubles and 13 kings.

The live auction is scheduled for Wednesday, March 29th at 3:30 pm and will be conducted at US Bankruptcy Court, 801 N Florida Ave., Tampa, FL 33602.

For details about the auction, visit www.tranzon.com/DG956 or call (877) 374-4437.

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Tranzon Driggers is a member company of Tranzon, LLC. Tranzon is one of the largest real estate auction companies in the country, with 30 offices coast-to-coast. Tranzon’s accomplished auction professionals are widely recognized as leaders in the auction industry. All Tranzon companies are independently owned and operated.

Contact:
Walter Driggers III, CAI, AARE
(877) 374-4437
wdriggers@tranzon.com

Coming Up In The December Online Hotel Business Review




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Feature Focus
Hotel Law: Issues & Events
There is not a single area of a hotel’s operation that isn’t touched by some aspect of the law. Hotels and management companies employ an army of lawyers to advise and, if necessary, litigate issues which arise in the course of conducting their business. These lawyers typically specialize in specific areas of the law – real estate, construction, development, leasing, liability, franchising, food & beverage, human resources, environmental, insurance, taxes and more. In addition, issues and events can occur within the industry that have a major impact on the whole, and can spur further legal activity. One event which is certain to cause repercussions is Marriott International’s acquisition of Starwood Hotels and Resorts Worldwide. This newly combined company is now the largest hotel company in the world, encompassing 30 hotel brands, 5,500 hotels under management, and 1.1 million hotel rooms worldwide. In the hospitality industry, scale is particularly important – the most profitable companies are those with the most rooms in the most locations. As a result, this mega- transaction is likely to provoke an increase in Mergers & Acquisitions industry-wide. Many experts believe other larger hotel companies will now join forces with smaller operators to avoid being outpaced in the market. Companies that had not previously considered consolidation are now more likely to do so. Another legal issue facing the industry is the regulation of alternative lodging companies such as Airbnb and other firms that offer private, short-term rentals. Cities like San Francisco, Los Angeles and Santa Monica are at the forefront of efforts to legalize and control short-term rentals. However, those cities are finding it’s much easier to adopt regulations on short-term rentals than it is to actually enforce them. The December issue of Hotel Business Review will examine these and other critical issues pertaining to hotel law and how some companies are adapting to them.