Pinnacle Hotel Management Sells Fairfield Inn in Fort Myers, FL
Friday July 18th, 2014 - 9:14AM F
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FORT MYERS, FL—Pinnacle Hotel Management has sold the 104-room Fairfield Inn by Marriott here to Conor Acquisitions, a real estate investment company based here. Hunter Hotel Advisors represented Pinnacle in the transaction.
Conor Acquisitions is planning to fully renovate the 16-year old property to create significant value-added improvements that meet the brand's new standards.
"There was a lot of interest in this hotel because the Fort Myers market has seen steady RevPAR growth over the last year," stated David Perrin, VP, Hunter Hotel Advisors.
Tags: Pinnacle • Fairfield Inn • Hunter • Hospitality • Brokers •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.