Billionaire Siegel’s Central Florida Investments selling off $353 million in assets

Orlando-based Central Florida Investments, the mostly timeshare development firm founded by billionaire David Siegel, will sell off around $353 million in company assets, 75 percent of which are in Florida. They could fetch around $140 million for the company from buyers around the globe. Carlton Advisory Services in New York has been tapped to handle the sales. Work has also stopped on Siegel’s 90,000-square-foot home in Windermere, also the home of Tiger Woods. [Real Estate Channel]

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