AREA Property Partners and Winston Harton Holdings LLC of New York City, have jointly purchased the Sheraton Safari Hotel and Suites located just outside of Walt Disney World and an undisclosed sum.
The companies plan to begin immediate renovations to the tune of $25 million. The plans are scheduled to be completed in the spring of 2012. Once the overhaul is complete, the 489-room hotel will retain the Sheraton name.
