Tennessee hotel owner adds to Naples portfolio

A Memphis development and management company has bought a Naples hotel, its second in the city. 

Cooper Hotels latest purchase is the Hampton Inn & Suites by Hilton Naples-Central at 3210 Tamiami Trail N. A purchase price was not disclosed, and Collier County property records have not been updated. 

Cooper says it will spend more the $4 million on renovations to the 107- room property. The work will include updates to room designs, commercial area improvements and technological upgrades.