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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.
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