Ramada Titusville/Kennedy Space Center Sold To Shivstar Investments
Monday September 9th, 2013 - 5:08PM E
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TITUSVILLE, FL—The Ramada Titusville/Kennedy Space Center here has been sold for $1.65 million.
The sale of the 124-room property was announced by MBA Hotels Brokers inc., a member of Hotel Brokers International, on behalf of the seller, Painter Bay Trust. The buyer, Shivstar Investments LLC, plans to convert the hotel to another brand.
The hotel is located off I-95 near Florida beaches, Kennedy Space Flight Center and Museum, and 35 miles from Orlando.
Tags: sold • converted • Hospitality • Acquisitions •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.