Developer pays $7 million for Fort Myers Beach hotel

A Chicago developer is building a 12-unit luxury project next door to Carousel Beach Inn with residences starting at $3.9 million.

  • By Louis Llovio
  • | 5:00 a.m. November 24, 2022
  • | 0 Free Articles Remaining!
A Chicago developer paid $7 million for a Fort Myers Beach hotel. (Courtesy photo)
A Chicago developer paid $7 million for a Fort Myers Beach hotel. (Courtesy photo)
  • Charlotte–Lee–Collier
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The Carousel Beach Inn on South Fort Myers Beach has sold to a Chicago developer who will use the property to complete a luxury residential development already under construction.

According to Lee County property records, the hotel sold for $7 million to Carousel Beach Redevelopment, a subsidiary of the Dublin Real Estate Investment Group.

 

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