Bilmar Beach Resort sells for $16.4M

TREASURE ISLAND — Newport Beach, Calif.-based Clearview Hotel Capital LLC and Chicago-based William Harris Investors Inc. purchased the majority of the rooms, commercial units and all the amenities of the 165-room Bilmar Beach Resort for $16.4 million.

The remaining units are all individually owned, but managed by the hotel.

The Treasure Island development features more than 8,000 square feet of meeting space, two heated pools, a spa, laundry facilities and two restaurants: Bazzie's Beach Bar and Sloppy Joe's. The resort is located at 10650 Gulf Blvd., Treasure Island.