The Real Deal Miami

Brookline Cos. adds motel to its portfolio of properties in Naples

The Clearwater-based firm paid $4.9 million for the 30-room Sea Shell Motel, which opened in 1944
July 22, 2018 03:00PM

Sea Shell Motel at 82 Ninth Street South in Naples (Credit: TripAdvisor.com)

A Tampa-area company acquired a 74-year-old motel and landmark in downtown Naples for possible redevelopment.

Clearwater-based Brookline Cos. paid $4.9 million for the Sea Shell Motel at 82 Ninth Street South in Naples.

The Naples Daily News reported that the motel closed suddenly after it changed hands. But how Brookline might redevelop the property is unclear.

The 30-room Sea Shell Motel was among several hotels that opened in 1944 on U.S. Highway 41.

Brookline apparently is bullish on Naples.

According to the Naples Daily News, the Clearwater company started buying Naples real estate in 2016 and has spent more than $31 million on property on or around Fifth Avenue South that it plans to redevelop. [Naples Daily News]Mike Seemuth