hotel investment

Historic Downtown Hotel

Fort Myers, Florida

This 132-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 132-room, 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

Contact

Mike Elliott
Chief Executive Officer
+1 701.713.6606
Email Mike

Dean Schmitt
Managing Director 
+1 419.265.6615
Email Dean

Harley Sisler
Vice President 
+1 336.413.3410
Email Harley