Seller of Hampton hotel in Fort Myers checks out for $13.9M

Michigan-based HRC Hotels bought the 102-room Hampton Inn for about $136,000 per room

TRD MIAMI /
Feb.February 04, 2018 10:30 AM

Hampton Inn & Suites Fort Myers-Colonial Boulevard (Credit: Expedia)

A 102-room Hampton Inn & Suites in Fort Myers sold for $13.9 million, or about $136,000 per room.

East Lansing, Michigan-based HRC Hotels LLC bought the hotel at 4350 Executive Circle in Fort Myers from St. Louis-based NHR Investments.

HRC owns 20 select-service hotels in six states, including another Hampton Inn in Clearwater, the company’s only other Florida property. The Michigan-based company is planning to expand its hotel portfolio over the next three years.

Hilton Hotels Corp. has honored the Hampton Inn & Suites Fort Myers-Colonial Boulevard with its Lighthouse Award, ranking the property among the top five percent of hotels in the Hampton chain for accommodations, service and quality.

Plasencia Group chief executive officer Lou Plasencia and vice presidents Nick Plasencia and Chris Plasencia represented the seller in the transaction. Chris Plasencia said hotel demand in southwest Florida is growing but the supply of rooms has been “held in check.” [Business Observer] – Mike Seemuth


Related Articles

arrow_forward_ios

State report finds open gas valve fueled building explosion at Plantation shopping center

Bayside Marketplace is planning another high-rise entertainment venue with a view

Construction of downtown Hollywood high-rise may start soon

South Florida firm, partner acquire Tampa office building for $29.4M

Developer borrows $105M, breaks ground for mixed-use Flagler Village project

Moishe Mana plans mixed-use project with logistics theme next to airport in Panama

Power restored after blackout envelopes West Side of Manhattan

Virgin Trains may announce 3 new train station sites in South Florida by year-end

arrow_forward_ios