Cushman & Wakefield Commercial Property Southwest Florida, LLC represents buyer of two hotels on Fort Myers Beach

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.

About Cushman & Wakefield

Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 43,000 employees in more than 60 countries help investors and occupiers optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions.

Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit http://www.cushmanwakefield.com/ or follow @CushWake on Twitter.

For Further Information, Contact:

Heather Adams

Business Manager

Cushman & Wakefield Commercial Property Southwest Florida

239.489.3600

hadams@cpswfl.com

Media Contact:

Kaitlin Cangro

Public Relations Specialist/Copywriter

Spiro & Associates Marketing, Advertising, Public Relations & Brand Architecture

239.481.5511, Extension 225

kcangro@spiroandassociates.com

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