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BUYER: Thomas A Harding LLC (principal: Constantine Venetis), Fort Myers
SELLER: SKM Hospitality Enterprises LLC
PROPERTY: 18051 S. Tamiami Trail, Fort Myers
PRICE: $1.3 million
PREVIOUS PRICE: $3.72 million, December 2006
LAW FIRM ON DEED: Garlick Hilfiker & Swift LLP, Naples
PLANS, DESCRIPTION: A real estate investment firm purchased the 50-room The Springs Resort for $1.3 million. The price equated to $26,000 per room.
The buying entity, Thomas A Harding LLC, is led by Constantine Venetis of Bonita Springs. The ownership plans to rebrand the motel as a Days Inn and build a restaurant.
The two-story motel features a freshwater swimming pool, laundry and banquet facilities and two warm mineral springs.
The motel was originally built in 1965. It's located on a 2.68-acre parcel at the southeast corner of Constitution Boulevard and U.S. 41.
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