Iconic hotel owner on $156M sale: Time to slow down

Prominent Southwest Florida hotelier Phil McCabe cites both his age, and the hot market, as reasons to sell now.

  • By Louis Llovio
  • | 10:00 a.m. April 26, 2022
  • | 0 Free Articles Remaining!
Courtesy. The Inn on Fifth was recently sold for $156 million.
Courtesy. The Inn on Fifth was recently sold for $156 million.
  • Commercial Real Estate
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As his 75th birthday approached this spring, longtime Naples hotelier Phil McCabe faced what he called one of the most difficult decisions of his career: selling the iconic Inn on Fifth in Naples. 

 

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