The Real Deal Miami

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


March 19, 2010 09:13AM

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]