DAYTONA BEACH, Florida—ASA Lodging LLC acquired the Islander Resort for US$3.8 million from Wells Fargo.
The 200-room property, built in 1975, was sold in June for US$19,000 per room. Officials at ASA and Wells Fargo either could not be reached or did not return messages for comment before deadline.
Property records indicate the following values for the hotel:
| Year | Building value | Land value | Taxable value |
| 2010 | US$559,788 | US$1,814,400 million | US$2,452,042 million |
| 2009 | US$681,008 | US$2.149,200 million | US$2,910,160 million |
Millage rate for the hotel is 25.11270. Taxes due for the 2010 year are US$68,167.50, down slightly from US$68,622.16 in 2009. Proposed total taxes for the hotel in 2011 are US$63,720.47, a decrease of 7%.
A sales value history of the property dating to 1993 (five total sales) can be found below:
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Source: Volusia County Appraisers Office. Click to enlarge.