11 | 15 | 2012
Distressed Hampton Inn Trades for 50% Below Replacement Costs
“Many factors are attractive locally and more broadly in Florida and for Fort Myers as a submarket within a state that has many appealing attributes,” Gray says. He pointed to a rapidly growing population over a sustained period, recovering housing market, limited space for new development, and job creation, along with attractive climate, modern infrastructure, low taxes, and low cost of living.