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.