Luxury hotelier invests $5M to fend off competitors

Targeting luxury customers — particularly in an ultra high-end town — requires a stay-ahead-of-the pack mindset. It can be costly, too.

  • By Jay Schlichter
  • | 6:00 a.m. November 29, 2019
Phil McCabe formerly owned the The Inn on Fifth, in the hopes of enticing discerning clientele.
Phil McCabe formerly owned the The Inn on Fifth, in the hopes of enticing discerning clientele.
  • Commercial Real Estate
  • Share

Twenty-three years ago, Phil McCabe had a vision. 

 

Continue reading your article
with a Business Observer subscription.
What's included:
  • ✓ Unlimited digital access to BusinessObserverFL.com
  • ✓ E-Newspaper app, digital replica of print edition
  • ✓ Mailed print newspaper every Friday (optional)
  • ✓ Newsletter of daily business news
Subscribe

Already subscribed? Sign in.

Latest News

  • July 22, 2026
EoS Fitness opens 40K-square-foot gym in Fort Myers
  • July 22, 2026
Sarasota firm behind $5M loan for St. Petersburg retail center purchase
  • July 22, 2026
PDQ restaurant property sold in south Sarasota
  • July 22, 2026
375-unit luxury apartment complex opens in Tampa's Westshore district

Sponsored Content