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Candlewood Suites sell for $3.34 million

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  • | 9:28 a.m. June 1, 2012
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BUYER: Liberty Myers Investments LLC, Clearwater

SELLER: Greenwood Security LLC

PROPERTY: 3626 Colonial Court, Fort Myers

PRICE: $3.43 million

PREVIOUS PRICE: $1 million, October 2006

LAW FIRM ON DEED: Goldstein Buckley Cechman Rice & Purtz PA, Fort Myers

PLANS, DESCRIPTION: The Liberty Group of Cos. purchased the 80-room Candlewood Suites Fort Myers I-75 for $3.43 million.

The price equated to $42,813 per room.

Built in late 2008, Greenwood Security LLC, the senior lender, foreclosed on the hotel in mid-2010. The extended-stay hotel features a business center, meeting room, fitness center and laundry facilities.

“Combined with our affiliation with Intercontinental Hotels Group and an average occupancy of 69% last year, we are excited about the increasing demand generators within the sub-market,” Punit Shah, president and chief operating officer of the Liberty Group of Cos., says in a press release.

The Fort Myers hotel represents the Liberty Group's 17th hotel acquisition since 2010.


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