Work is underway at Pasco County development with 2,100 residences

Fort Myers

Hospitality chain buys mall property

A Hampton Inn & Suites is coming to Fort Myers. Vision Hospitality Group, a Chattanooga, Tennessee hotel developer and manager, has bought a 2.51-acre parcel at the Gulf Coast Town Center. It paid $2.1 million for the property located between Connors Steak & Seafood and LA Fitness at 17100 Royal Queen Blvd. and 10066 Gulf Center Drive. Project details weren’t immediately available, but Vision has posted a rendering on its website that included the message “coming soon.” Vision, according to its website, has a market cap approaching $1 billion. It currently manages over 4,800 rooms across 43 hotels in 9 states. LQ Commercial, which represented the mall’s owners in the sale, says the property has been rezoned to all for hotel development. Gulf Coast is a 1.2 million-square-foot open air mall just off Interstate 75. LQ’s Brett Low brokered the sale.