Clearview Hotel Capital, William Harris buy Bilmar Beach Resort

BUYER: Which Treasure Island Owner LLC (principals: Jon Kline, David Rosenbaum and Andrew Hananel), Newport Beach, Calif.
SELLER: TI Resort LLC
PROPERTY: 10650 Gulf Blvd., various units, Treasure Island
PRICE: $16.4 million
LAW FIRM ON DEED: Baker & Hostetler LLP, Orlando

PLANS, DESCRIPTION:
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.