Red Rose Inn to be reconditioned, resold

  • By Business Observer Staff
  • | 6:37 p.m. January 10, 2014
  • | 0 Free Articles Remaining!
  • Tampa Bay-Lakeland
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PLANT CITY — LBMT Properties LLC, a company led by Louis Spiro of Pinellas Park, purchased the 261-room Red Rose Inn & Suites for $1.5 million.

The price equated to $5,747 per room.

The two-story hotel was built in 1973 and stretches across six buildings on 7.8 acres south of Interstate 4. The property, which is located at 2011 N. Wheeler St., Plant City, also includes a banquet center that can hold up to 500 people.

 

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