DSH Hotel Advisors announced that Dennis S. Hopper, CCIM, Managing Principal and Randy Taylor, Vice President Investments, arranged the sale of the Red Roof Inn in North Fort Myers, FL for $5,500,000 on June 1, 2022. DSH Hotel Advisors represented the seller, SHIVAM SUNDARAM HOTELS, LLC, and Plantation Realty represented the buyer RNA ALF, LLC.
DSH Hotel Advisors held the exclusive listing with the seller and the property was sold publicly – generating 17+ offers.
The Red Roof Inn in Fort Myers offers a tropical waterfront location, positioned scenically on the banks of the Caloosahatchee River. The hotel is situated within walking distance to several restaurants and a short walk across the Caloosahatchee bridge leads to the downtown area. Downtown Fort Myers features local highlights such as the Edison and Ford Winter Estates and Museum, the Southwest Florida Museum of History, Imaginarium Science Center, Fort Myers Skatium, Centennial Park as well as many restaurants and night life. Fort Myers Beach is a short drive away, as is the Southwest Florida International Airport for easy commuting.
"Due to the exclusive waterfront location, we were able to generate buyers from all over the US and internationally which allowed us to create a competitive bidding environment. It was a smooth transaction from start to finish working with the Seller (SHIVAM SUNDARAM HOTELS, LLC) and Buyer (RNA ALF, LLC). North Fort Myers and Lee County is growing at historically high rates and expecting several new developments over the next 3-5 years - we believe the buyers (RNA ALF LLC) will be extremely successful at this location." says Taylor.