GREAT AMERICAN RESORTS SIGNS A BINDING CONTRACT TO PURCHASE HOLIDAY INN IN KISSIMEE, FLORIDA.NORCROSS, Ga.--(BUSINESS WIRE)--April 11, 1995--Great American Resorts has signed a binding contract to purchase the Holiday Inn in downtown Kissimee, Florida for $6,000,000.00. The hotel is located approximately 8 miles from the Disney World complex in Orlando, Florida The city of Orlando is a major city in central Florida and is the county seat of Orange County, Florida. According to the 2000 census, the city population was 185,951. A 2006 U.S. , the world's top tourist destination A tourist destination is a city, town or other area the economy of which is dependent to a significant extent on the revenues accruing from tourism. It may contain one or more tourist attractions or visitor attractions and possibly some "tourist traps". . The Holiday Inn, a franchise of the national chain, consists of 200 rooms and suites, two pools (one heated), restaurant, lounge, tennis courts, game room, playground and gift shop. The purchase of the hotel would increase the company's assets, including subsidiaries, to over $16,000,000.00. Great American Resorts has applied for listing on the small capitalization division of NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on . The company's stock currently trades on the Electronic Bulletin Board under the symbol GARRA GARRA Grand American Road Racing Association GARRA Grupo Armado de Repressão a Roubos e Assaltos (Brazil) . Great American Resorts is the company which introduced the unique concept of allowing holders of 1000 shares or more of the company's stock one week of vacation every year at any one of its hotels or resorts. For more information on Great American Resorts call (404) 476-3936. CONTACT: Great American Resorts, Norcross Teresa Bates Bates , Katherine Lee 1859-1929. American educator and writer best known for her poem "America the Beautiful," written in 1893 and revised in 1904 and 1911. , 404/476-3936 |
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