Hotel Royal Plaza in Foreclosure

[SnowWtch]

I just read on Orlando Sentinel.com that the Hotel Royal Plaza on hotel row is in foreclosure. That was always a nice place. I hope someone is able to rescue it. Not sure if this is going to affect anyone's stay there or not.

 

[Planogirl]

Wow, that's surprising. I wonder who runs it? It sure has a great location so I hope that a good chain grabs it.

 

[dferr]

Crap I have reservations there the end of the month. I hope it is ok.

 

[Planogirl]

Crap I have reservations there the end of the month. I hope it is ok.

I read the article and it said that most properties in this condition do their best to carry on as if nothing is different. Their hope is that business won't be interrupted and that they get past the financial problems.

I hope that your stay is nice!

 

[saberry]

We are staying there for a week at the end of June so I was naturally curious. I looked up the article and what it said was, "Trepp's list of foreclosures included 10 local casualties, including the Studio City Sheraton and the Hotel Royal Plaza near Walt Disney World, whose foreclosure occurred in 2005. That hotel is now a real-estate-owned asset of an investment trust."

Apparently, this isn't a recent development. If they have been held under this trust since 2005, I doubt there is anything to wory about for those with reservations or who may be considering booking a stay.

 

[A Mickeyfan]

It had been closed down a while after Charley hit and I think that may have played a part in the foreclosure.. however it has been up and running for sometime now..