The vintage Astroland Amusement Park, one of the anchors of Coney Island since its 1962 opening, was purchased Tuesday by a developer intent on restoring the Brooklyn beachfront as a $1.5 billion year-round resort.
The Albert family, owners of the well-known park, will close the 3.1-acre attraction at the end of the 2007 summer season under [...]

Bluegreen Corp. said Tuesday that it has purchased 7 acres of land adjacent to the Treasure Island Water & Theme Park Resort in Wisconsin Dells.
The Boca Raton, Fla.-based timeshares and communities company also bought 24 unsold existing vacation ownership units at the resort and established a marketing partnership with Treasure Island LLC, the resort’s owner/operator. [...]

Nemacolin Woodlands Resort is no longer seeking a state license to operate a slot machine casino.
In a statement released Tuesday, Nemacolin said it withdrew its license application because customers of the resort would have had to spend $25 in non-gaming purchases each time they wanted to visit the casino.
Nemacolin preferred the $25 purchase to be [...]

One way or another, Oregon’s wine country will likely have a luxury destination resort in the next few years.
This morning, the Austin family unveiled plans for a combination inn and residential development in the north end of the city of Newberg.
It’s the second such plan presented in Yamhill County this year. The first received [...]

Bluegreen Corp., which owns and operates time-share resorts, said Tuesday that it bought a seven-acre parcel of land adjacent to the Treasure Island Water and Theme Park Resort in Wisconsin Dells, Wis., and 24 unsold existing timeshare units at the property.
Financial terms of the deal were not disclosed.
Bluegreen also purchased the property management rights to [...]

CondoMetropolis.com LLC is launching an online site in December dedicated exclusively to condominium sales and purchases in Orlando.
Marcus Burke, founder of CondoMetropolis.com, says the new site will allow buyers to browse and compare all the current condo opportunities without ever leaving home. The company plans to use its database to index every “for sale” condo [...]

RB-GEM Management LLC has begun work on the conversion of four apartment complexes in the Sabal Point area as part of its new Sabal Collection Condominiums.
The project costs were not disclosed.
The Sabal Collection condominiums are divided into four areas: Clubside, Golf Brook, Sabal Park and Sabal Walk. RB-GEM plans to offer seven different [...]

The developer of a canceled condominium project has reached a settlement with its buyers. Florida-based Del American was sued last year for canceling reservation contracts and raising prices at its $650 million mid-rise condo project — known as Vegas Grand.
Del American has been ordered to pay 2-point-5 percent of gross sales into a common fund. [...]

A company that sells sales, marketing and service solutions to independent hotels said it has signed a deal with the developer of a condominium-hotel project in Hallandale Beach.
Preferred Hotel Group said its deal is with European Club, a 30-story mixed-use development to encompass 118 condominium residences and 135 condo-hotel suites.
Developed by V-Strategic [...]

A new hotel planned for Tampa is seeking to immerse itself in the city’s arts district.
Twelve Hotels and Residences, a subsidiary of Atlanta-based Novare Group, will develop Twelve Arts District, a 130-suite, boutique hotel on a site bounded by Ashley, Cass, Tampa and Polk Streets in downtown Tampa.
A joint venture between Tampa’s [...]

Union negotiators for the hotel workers at the Sheraton Grand Sacramento reached a tentative agreement for a new contract that raises wages, reduces workloads and doubles the hotel’s contribution to employee health insurance coverage over the life of the contract.
The Sheraton’s management and the union have been working on the contract since June. The [...]

John Keells Holdings, the biggest Sri Lankan hotel operator, plans to invest $100 million building its first resorts in India, as escalating violence deters tourists from visiting the South Asian island.
Keells, based in Colombo, plans to develop three properties in the Indian states of Goa and Kerala within a year, the company’s deputy chairman, Ajit [...]