Greene, Canfield, De George, Negotiates the Sale of EconoLodge Fort Myers, FL
SEPTEMBER 18, 2009 - Tony De George, CHB, president and broker of Greene, Canfield, De George, Ltd., announced today that Ken Olipra, an associate of Greene, Canfield, De George, negotiated the sale of the EconoLodge in Fort Myers, Florida. The 50-room, limited-service hotel will undergo renovations to rebrand to Super 8.
Tony De George, CHB, president and broker of Greene, Canfield, De George, Ltd., announced today that Ken Olipra, an associate of Greene, Canfield, De George, negotiated the sale of the EconoLodge in Fort Myers, Florida. The 50-room, limited-service hotel will undergo renovations to rebrand to Super 8.
The purchaser was Debary Hospitality based in Florida, and the seller was Fidelity Bank. Fidelity Bank had spoken to Greene, Canfield, De George for several weeks before the actual foreclosure sale and emphasized the Bank's desire to move the property quickly. As a result, Greene, Canfield, De George articulated a strategy that generated a substantial number of interested buyers in a very short period.
Of this transaction, Fidelity said, 'The end result was a very strong offer, both in price and terms, that consummated in a closing approximately three weeks after our foreclosure sale.'
Greene, Canfield, De George, Ltd., founded in 1970, is the South Atlantic Region's premier real estate brokerage firm specializing in the listing, sale, financing and evaluation of hospitality properties. In the firm's nearly 40-year history of exceptional service to the hotel investment community, Greene, Canfield, De George has successfully sold hundreds of hotels ranging from single asset investment sales to strategic portfolio dispositions and acquisitions. The professionals at Greene, Canfield, De George are highly trained specialists and hold the Certified Hotel Broker (CHB) and Certified Hotel Administrator (CHA) designations. Greene, Canfield, De George professionals provide advice to hotel investors to maximize the value of their hotel portfolios. For more information about Greene, Canfield, De George visit the firm online at www.GCDhotels.com.
Greene, Canfield, De George, Ltd. is a member office of Hotel Brokers International, a national professional organization of hotel real estate brokers and consulting specialists. Hotel Brokers International, founded in 1959, is now celebrating its 50th year of successful hotel real estate transactions, the organization annually accounts for the largest share of mid-market transactions in the United States. With a database currently comprising more than 150 property listings, the HBI website - www.hbihotels.com - attracts more than 30,000 monthly site visitors from approximately 40 different countries. Founder and host of the popular Hotel Investor's Marketplace, HBI also developed the Certified Hotel Broker program and publishes TransActions Recap, the industry's leading source of hotel real estate sales data.
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