Developer to convert Naples hotel to workforce housing

The developer will take a 104-room hotel in Naples and turn it into apartments that are affordable for area workers.

  • By Louis Llovio
  • | 5:00 a.m. September 24, 2022
  • | 0 Free Articles Remaining!
A developer has bought a 104-room hotel in Naples and plans to turn it into apartments that are affordable for area workers. (Courtesy photo)
A developer has bought a 104-room hotel in Naples and plans to turn it into apartments that are affordable for area workers. (Courtesy photo)
  • Charlotte–Lee–Collier
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A development company specializing in converting hotel properties into multifamily complexes has bought a Super 8 by Wyndham Hotel in Naples.

K2 Developers paid $9.6 million for the 104-room hotel on Tollgate Boulevard off of Collier Boulevard, near the on-ramp to Interstate 75.

The company, with offices in Coral Gables and Boulder, Colorado, did not respond to several requests for comments but has publicly acknowledged it was converting the hotel into much needed workforce housing in the area.

 

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