Loading
BUYER: Island Sun Inn LLC (principal: George Perreault), Sarasota
SELLER: Peninsula Property Holdings LLC
PROPERTY: 625 S. Tamiami Trail, Venice
PRICE: $721,000
PREVIOUS PRICE: $2.42 million, August 2009
LAW FIRM ON DEED: Akerman Senterfitt, Miami
PLANS, DESCRIPTION: Sarasota businessman George Perreault purchased the 38-unit Veranda Inn & Cafe in Venice for $721,000.
The price equated to $18,974 per unit.
The hotel features a swimming pool, courtyard and restaurant.
In a move to better link the property to Perreault's Island Breeze Inn, the inn is being renamed the Island Sun Inn.
“It's in a really good location, near the Island Breeze Inn, with a lot of potential to be really nice for families,” says Alan Wells, general manager of both properties. “It has really large rooms. The property needs little bit of work, but it won't be a huge undertaking.”
The new ownership plans to clean and make cosmetic improvements to the hotel.
Your free article limit has been reached this month.
Subscribe now for unlimited digital access to our award-winning business news.
Join thousands of executives who rely on us for insights spanning Tampa Bay to Naples.
