Rather than Tear Down the Former 922 room Hyatt Orlando the Moinian Group
Will Temporarily Reopen the Vacant Hotel to Generate Income By Daphne Sashin, The Orlando Sentinel, Fla.McClatchy-Tribune Regional News
May 17, 2007 - KISSIMMEE -- Rather than tear down the former Hyatt Orlando off Interstate 4 and U.S. Highway 192, the owners will temporarily reopen the vacant hotel to generate income while they await approvals to transform the property into a much larger luxury resort.
The hotel is scheduled to open June 1 as Orlando Sun Resort by Lexington, with a $5 million makeover more than three years after the Hyatt closed. About half the 922 rooms will open initially, with the rest likely to open in September, at rates comparable to those at the Radisson next door.
The hotel could stay open at least two years while the New York-based Moinian brothers await land-use approvals, find investors and complete the designs for the planned Landmark Sun Resort & Spa.
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