Historic beach hotel wants to add 629 rooms as part of massive expansion

Naples/Fort Myers

Missing links: Top Golf in Fort Myers is on the market. The 48,000-square-foot golf-themed destination off of Interstate 75 has been listed for $40.9 million by the commercial real estate firm Marcus & Millichap. The facility is off of Colonial Boulevard and was built in 2021 on 14 acres. Marcus & Millichap says there are more than 1,800 apartment units, 400 new homes and nearly a dozen national retailers in the immediate vicinity. Top Golf, which has more than 70 driving ranges across two floors, a restaurant and sports bar, has 19 years left on a triple-net corporate lease. The lease includes about 10% rent increases every five years during the base term and each of the four five-year options.

A good walk spoiled: Speaking of golf, the much-delayed Sunseeker Resort Charlotte Harbor’s golf course is set to open in October. The course will be called the Aileron Golf Club and will play from 5,000 yards to more than 7,000 yards and includes a 650-yard par 5. It is being designed by golf course architect Kipp Shulties and will include a 10,500-square-foot clubhouse with a full-service restaurant and bar and a pro-shop. The course is exclusive to hotel guests and will not be on the grounds of the resort (there will be shuttle service). Sunseeker is a $618 million, 785-room resort being built by Allegiant Travel Co. in Port Charlotte. It is scheduled to open in the fall after COVID, Hurricane Ian and then a fire halted construction at one time or another.