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Sold! Royal Plaza, Delta deals are wrapping up.

Orlando Business Journal

| February 02, 2001 | BYRD, ALAN | COPYRIGHT 1989 American City Business Journals, Inc. (Hide copyright information)Copyright

ORLANDO -- Two of Central Florida's oldest hotels are changing hands.

Both the Delta Orlando Resort near Universal Orlando and the Hotel Royal Plaza near Walt Disney World are in the process of being sold, according to sources close to both deals.

Spokesmen for the properties would not confirm or deny the pending sales.

However, both sites have been on the block for some time. And in both cases, a sale could help revive what has been a troubled property.

Take the Hotel Royal Plaza.

In 1998, time share- mogul David Siegel sold the hotel to Fort Walton Beach's Madden Group for $45 million. The hotel ran into financial problems, …

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