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Resort and marina company buys Ashley Oaks Resort Motel


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  • | 3:35 p.m. September 24, 2010
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BUYER: Tip Top Isles Resort and Marina LLC (principals: John Russo and Nancy Mayher), Fort Myers Beach


SELLER: BHDA Venture Associates a dissolved partnership, and Daniel Laflamme


PROPERTY: 17863 San Carlos Blvd., Fort Myers Beach


PRICE: $634,511


PREVIOUS PRICE $800,000, July 1998


LAW FIRM ON DEED: Alvarez Sambol & Winthrop PA, Bonita Springs


PLANS, DESCRIPTION: Tip Top Isles Resort and Marina purchased the 24-unit Ashley Oaks Resort Motel for $634,511.


The price equated to $26,438 per unit.


The 14,410-square-foot, two-story motel was constructed in 1979. The property includes two buildings with 12 single rooms, eight double rooms and four efficiencies. It also features a pool and spa and 20 boat slips with access to the gulf.


John Russo and Nancy Mayher manage Fort Myers Beach-based Tip Top Isles Resort and Marina LLC. They couldn't be reached for comment.

 

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