Monday, November 1, 2010

No buyers at foreclosure sale of Orlando Econo Lodge

There were no buyers Monday for the Econo Lodge on International Drive, which was part of a foreclosure sale at the Orange County County Courthouse.

The hotel's lender, CWCapital Asset Management, took possession of the property with a nominal bid of $100. No other bids were placed.

The 672-room hotel at 8738 International Drive — which was featured recently on the reality television series Undercover Boss — has been in legal trouble with its lender since January. In October, an Orlando judge issued a final judgment for more than $26 million.
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