R.L.R. Investments buys Sundial Beach Resort, Spa

BUYER: RLR Investments LLC (principals: Ralph, Mary and Roby Roberts, Jeffrey Wade and Jeffrey Haungs), Wilmington, Ohio
SELLER: Sanibel Sundial Partners LLC as debtor in possession in United States Bankruptcy Court
PROPERTY: 1451 Middle Gulf Drive and vacant commercial on Middle Gulf Drive, Sanibel

PRICE: $1.7 million
PREVIOUS PRICE: $2.3 million, July 2012
LAW FIRM ON DEED: Stichter Riedel Blain & Prosser PA, Tampa

PLANS, DESCRIPTION: R.L.R. Investments LLC purchased much of the real estate of the Sundial Beach Resort and Spa for $1.7 million.