Canada's Palm Holdings buys Davis Boulevard Fairfield Inn

  • By Business Observer Staff
  • | 8:52 a.m. May 31, 2013
  • | 0 Free Articles Remaining!
  • Commercial Real Estate
  • Share

BUYER: OPH Hotel LP (Palm Holdings Inc.), Naples
SELLER: Red Fifth Avenue Holdings XVII LLC
PROPERTY: 1785 Davis Blvd., Naples
PRICE: $6.2 million
LAW FIRM ON DEED: Roetzel & Andress, Orlando

PLANS, DESCRIPTION: Toronto-based commercial real estate firm and hospitality operator Palm Holdings Inc. purchased the 124-room Fairfield Inn By Marriott for $6.2 million.

The price equated to $50,000 per room.

 

Continue reading your article
with a Business Observer subscription.
What's included:
  • ✓ Unlimited digital access to BusinessObserverFL.com
  • ✓ E-Newspaper app, digital replica of print edition
  • ✓ Mailed print newspaper every Friday (optional)
  • ✓ Newsletter of daily business news
Subscribe

Already subscribed? Sign in.

Latest News

  • December 18, 2025
Kolter, Casto buy 19 acres in Parrish
  • December 18, 2025
Tampa Museum of Art director to retire
  • December 18, 2025
ESPN report: Naples' Hoffmann family buying NHL hockey team
  • December 18, 2025
4-acre entertainment district to be built in downtown Tampa

Sponsored Content