Peabody Hotel to be sold for $717M

No word yet on what will happen to ducks at hotel

Published On: Aug 28 2013 03:25:47 PM EDT   Updated On: Aug 28 2013 03:28:55 PM EDT

The luxurious Orlando hotel known for its world-famous ducks will be sold to the Hyatt Hotel Corporation for more than $700 million, Local 6 News reported Wednesday.

The Peabody will be called the Hyatt Regency Hotel Orlando Convention Center beginning October 1.

As for the world famous ducks, the Hyatt company has not commented on what will happen to them.