Historic Downtown Hotel

Fort Myers, Florida

This 140-key hospitality investment is to be built on the only developable site on First Street, which is downtown, historic Fort Myers’ main corridor of restaurants, shopping and nightlife.

Project Information

• Proposed 140-key and approximately 78,000 SF hotel
• To include approximately 9,000 square feet of:
  • Restaurant space (Ground floor)
  • Bar area
  • Rooftop views
  • Lounge areas

Investment Highlights

• Prime downtown site location; high visibility and foot traffic area
• Shovel-ready build
• Fort Myers has strong demographic trends and varied economic drivers that will fuel above-average growth:
  • Fastest growing city in Florida
  • Younger demographic trend featuring a current median age of 37.5
  • Currently undergoing a downtown redevelopment and revitalization
  • Florida Gulf Coast University (14,000 enrolled)
  • Florida Southwest State University (16,500 enrolled)
• Dynamic leisure and activity market
• Favorable TIF and other incentives
• Strong return profile
• Southwest Florida International Airport services 10MM annual passengers and is undergoing a $170MM expansion slated for a 2023 completion
• New Convention Center generating an estimated 22,000+ additional room nights per year