Pinellas Park automobile entrepreneur buys Red Rose Inn & Suites

BUYER: LBMT Properties LLC (principal: Louis Spiro), Pinellas Park
SELLER: Gerard Mchale Jr. as Chapter 11 trustee for the bankruptcy estate of Oakwood Place Inc.
PROPERTY: 2011 N. Wheeler St., Plant City
PRICE: $1.5 million
PREVIOUS PRICE: $2.2 million, March 2002
LAW FIRM ON DEED: Berger Singerman LLP, Miami

PLANS, DESCRIPTION: A purchase 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.