Liberty Hospitality Fund I LLC buys Holiday Inn Express & Suites

By Business Observer Staff
| 10:44 a.m. February 28, 2014
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Charlotte–Lee–Collier

BUYER: LHF1 Bonita LLC (principal: Punit Shah), Bonita Springs
SELLER: FAC Hotel Limited Partnership LLLP
PROPERTY: 27891 Crown Lake Blvd., Bonita Springs
PRICE: $4.25 million

PREVIOUS PRICE: $5.75 million, April 2005
LAW FIRM ON DEED: Bond Schoeneck & King PLLC, Naples

PLANS, DESCRIPTION: The private equity real estate fund Liberty Hospitality Fund I LLC purchased the 108-unit Holiday Inn Express & Suites in Bonita Springs for $4.25 million.