“The revitalization being seen in the Daytona area provides the perfect backdrop for investors in the hospitality industry who are looking to enter this market,” said GA Keen Realty Advisors Co-President, Matthew Bordwin.
Orlando, FL (PRWEB) August 06, 2014
GA Keen Realty Advisors, the real estate division of Great American Group, Inc., has been retained by Grand Seas Resort Partners, to market the operating timeshare resort and its related assets, which will culminate with a bankruptcy auction in early September.
“The revitalization being seen in the Daytona area provides the perfect backdrop for investors in the hospitality industry who are looking to enter this market,” said GA Keen Realty Advisors Co-President, Matthew Bordwin. “And the property location is spectacular, as it sits directly on over 800 feet of Daytona Beach.”
Operating Timeshare Resort Assets Include:
- 823 Unsold Timeshare Intervals
- 0.3 Acres of Vacate Beach Front Land
- 1,880 SF Sales Center
- 7,825 SF Restaurant and Offices
- Potential to negotiate for additional intervals with the lender (1,000 intervals) and HOA (2,000 intervals)
- Potential to negotiate a new management contract with HOA
Those interested in becoming the stalking horse need to submit their bid by August 29. Other interested parties need to qualify to participate in the bankruptcy auction by September 5. Qualified bidders will be invited to participate in the September 10 auction.
For more information about the property and its related asset, call 646-381-9222 or email Matthew Bordwin at mbordwin(at)greatamerican(dot)com, Chris Mahoney at cmahoney(at)greatamerican(dot)com or Robert Tramantano at rtramantano(at)greatamerican(dot)com.
About GA Keen Realty Advisors, LLC
GA Keen Realty Advisors, located in New York, provides real estate analysis, valuation and strategic planning services, brokerage, M&A, auction services, lease restructuring services and real estate capital market services. For more information about GA Keen Realty Advisors, call (646) 381-9222 or visit http://www.greatamerican.com/keen.
About Great American Group, Inc.
Great American Group is a leading provider of asset disposition and auction solutions, advisory and valuation services, capital investment, and real estate advisory services for an extensive array of companies. A trusted strategic partner at every stage of the business lifecycle, Great American Group efficiently deploys resources with sector expertise to assist companies, lenders, capital providers, private equity investors and professional service firms in maximizing the value of their assets. The company has in-depth experience within the retail, industrial, real estate, healthcare, energy and technology industries. The corporate headquarters is located in Woodland Hills, Calif. with additional offices in Atlanta, Boston, Charlotte, N.C., Chicago, Dallas, Melville, N.Y., New York, Norwalk, Conn., San Francisco, London, Milan and Munich. For more information, call (818) 884-3737 or visit http://www.greatamerican.com.