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Manatee-Sarasota
Business Observer Thursday, Mar. 11, 2010 12 years ago

Motel operators buy U.S. 41 motel

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Karl Gerhard, Roger Herber and Karl Vivienne purchased the 28-room Warm Mineral Springs Motel on U.S. 41 for $350,000.

North Port motel operators buy the U.S. 41 motel


BUYER: Warm Mineral Springs Motel Inc. (principals: Karl Gerhard, Roger Herber and Karl Vivienne), North Port


SELLER: Gisel Dierig


PROPERTY: 12597 S. Tamiami Trail, North Port


PRICE: $350,000


PREVIOUS PRICE: $280,000, February 1996


LAW FIRM ON DEED: Steven W. Ledbetter, attorney at law, Venice


PLANS, DESCRIPTION: Karl Gerhard, Roger Herber and Karl Vivienne purchased the 28-room Warm Mineral Springs Motel on U.S. 41 for $350,000.


The purchase price equated to $12,500 per unit.


The buyers have been operating the motel for years. Originally built in 1958, the motel features a pool, Jacuzzi, gas grills, children's playground and shuffle board courts.

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