- Ari Investment acquired Florida hotel for $13 million.
- Oliver Cos. paid $16 million in 2018.
- It has 2,034 square feet of meeting space.
Oliver bought the hotel for $16 million in September 2018, while the recent sale price was $3 million lower, county property records showed.
Virginia-based Ari Investment is led by founder and principal Bhavik Shah.
The five-story hotel, built in 2009, features a lobby bar, an outdoor pool, a fitness center and about 2,034 square feet of meeting space in three rooms, Hunter said in a statement.
The hotel is near Interstate 75 and is part of a 706-acre mixed-use development with retail, restaurants and commercial properties. It is also near Fort Myers’ River District and Fort Myers Beach.
The area is also set to gain Amazon's planned 750,000-square-foot robotics fulfillment center, which is expected to create more than 1,000 full-time jobs. The wider tourism market attracts about 5 million visitors a year and generates more than $3.7 billion in visitor spending, the statement said.
Hunter recently brokered the $24.1 million sale of the 262-key Embassy Suites by Hilton Chicago Lombard Oak Brook in Illinois.
