FORT MYERS BEACH, Fla. (May 19, 2017) – Associate Director John Albion of Cushman & Wakefield Commercial Property Southwest Florida represented TIP Management LLC, a Fort Myers-based management services firm specializing in engineering, accounting and research, in the purchase of two hotels on Fort Myers Beach.
The first transaction was Hideaway Village, a 6,857-square-foot beach resort located at 5607 Estero Blvd. The 22 leasable rooms, onsite living quarters, pool and tiki hut were sold for $1,671,000.
The second transaction was Hideaway Village’s Hideaway Sandy Beach Motel, a 4,210-square-foot beach resort located at 2870 Estero Blvd. Eight leasable rooms and onsite living quarters were sold for $400,000.
“As Fort Myers Beach prepares for a major makeover, we are proud to be a part of a transitional phase for our community, as well as the revamp of various landmarks,” said Gary Tasman, CEO & Principal Broker at Cushman & Wakefield Commercial Property Southwest Florida.
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