Garrison Investment Group buys Naples Courtyard by Marriott

BUYER: Garrison Naples Hotel PropCo LLC (managers: Brian Chase and Robert Feeney), New York City
SELLER: OpRock Naples Fee LLC
PROPERTY: 3250 Ninth St. N., Naples
PRICE: $12.3 million
PREVIOUS PRICE: $17.91 million, August 2007
LAW FIRM ON DEED: Gunster Yoakley & Stewart PA, Miami

PLANS, DESCRIPTION:
New York City-based Garrison Investment Group purchased the 102-unit Courtyard by Marriott in Naples for $12.3 million.

The price equated to $120,588 per unit.