A few weeks after buying the Marina at John’s Pass for $17.2 million, Pinellas County real estate investor Ben Mallah has sold an Orlando hotel near Disney World for $33.5 million. Mallah bought Marriott’s Courtyard Orlando Lake Buena Vista for $21 million two years ago and spent another $5 million on renovations. "We replaced everything right down to the alarm clocks,'' Mallah told an Orlando newsletter.
The buyer, hotel owner-operator GF Management, plans to invest more money in the 308-room hotel that was built in 1989. Mallah sold a Hawthorne Suites in the Orlando area for $14.4 million earlier this year, and is selling a Four Points Sheraton that he owns nearby. Mallah also has bought and sold several Tampa Bay hotels.