Michigan hotel owner buys Pierview

BUYER: Broadway Investment Partners LLC (principal: Remo Polselli), Troy, Mich.

SELLER: Fifth Third Bank Ohio

PROPERTY: 1160 Estero Blvd., Fort Myers Beach

PRICE: $3.5 million

PREVIOUS PRICE: $4.34 million, May 1997

LAW FIRM ON DEED: Carlton Fields PA, Miami

PLANS, DESCRIPTION: Michigan hotelier Remo Polselli purchased the 70-room Pierview Hotel & Suites on Fort Myers Beach for $3.5 million.

The price equated to $50,000 per room.

The 71,716-square-foot hotel complex features a 64-room main hotel building, a separate 4,992-square-foot three-story building with the remaining six suites and a 37,796-square-foot commercial building known as the Seafarer. The beachfront property includes an outdoor pool, bar and lounge and laundry facilities. Hotel officials couldn't be reached for comment.