The 24-story Trump International Hotel and Tower at 551 N. Fort Lauderdale Beach Blvd. was expected to open in 2009 but was plagued by investor lawsuits and a foreclosure.
Trump yanked his name from the project, saying the original developer didn't comply with a licensing agreement.
Fort Lauderdale attorney Joseph Altschul said a bulk sale could help his clients who put down deposits on 53 of the units and never got them. They have nearly $4 million in lien claims on the property for the portion of their deposits used in construction.
"If they have a buyer at the table, they would probably want to clear up the lien claims," Altschul said.
The most likely bulk buyer is a developer that would turn the entire project into a traditional hotel, Altschul and others say.
In a condo-hotel, units are rented to the public when the owners aren't living there. The buildings are professionally managed and offer maid and concierge services similar to a hotel.
"Hotel developers don't want a project that's all condo units, because there's no telling how many units will be available for rent," Miami hotel analyst Scott Brush said.
The unfinished project has been an eyesore for years, and a bulk sale would be a big boost to the area, industry observers say.
Investment firms, including many from overseas, have been buying South Florida condos in bulk at deep discounts. Those sales have helped revitalize the region's housing market.
Late last year, the owner of the W Fort Lauderdale Hotel & Residences began marketing that condo-hotel property to bulk buyers.
Peter Zalewski, a principal of the CondoVultures.com consulting firm, said the W and the former Trump property essentially are the last available Fort Lauderdale units built during the condo bust.
"There's virtually nothing left," Zalewski said. "It's a symbolic end to the crash."