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