Liberty Group, DeBartolo acquired Jacksonville Holiday Inn Express

A joint venture of the Liberty Group and DeBartolo Development have acquired the Holiday Inn Express & Suites by IHG in Jacksonville.

Built in 2004, the hotel is located on the St. Johns River, minutes from the Jacksonville Airport and adjacent to the Jaxport Carnival Cruise Ship Terminal on Blount Island. The building features 73 guestrooms including 17 suites, an outdoor pool, fitness center, 2,000 square feet of meeting space and an atrium-style great room.

The joint venture acquired the non-performing senior mortgage in 2011 and recently received ownership of the property in Federal Court after a bankruptcy and foreclosure case.