ORLANDO, FL— The Sheraton World Resort here recently was provided with $65 million in floating rate interim financing from Pennsylvania-based GMAC Commercial Mortgage Corp. The 619,2770-square-foot hotel was developed in phases, beginning in 1980. It now features 19 two- and three-story guestroom buildings representing 797 guestrooms, plus a 16-story, 305-room tower which was added in 2000, along with 7,949 square feet of meeting space. Located near SeaWorld on International Drive, the Sheraton is within a mile of the current Orlando Convention Center and its proposed expansion site.
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