17 September 2024

SUBURBAN STUDIOS FORT MYERS CAPE CORAL ACQUIRED BY S4 GLOBAL INVESTMENTS IN TRANSACTION FACILITATED BY HUNTER HOTEL ADVISORS

Hunter Hotel Advisors ("HUNTER") announced today the successful sale of the Suburban Studios Fort Myers. S4 Global Investments acquired the property on September 4, 2024. HUNTER’s Senior Vice Presidents, Sophia Pittaluga and Tim Osborne, facilitated the transaction on behalf of the seller.

“S4 Global Investments is proud to add the Suburban Studios Fort Myers Cape Coral to our expanding Southwest Florida hotel portfolio,” said Chris Patel, president & CEO. “We greatly appreciate the Seller, our partners and HUNTER team’s efforts on this successful transaction. S4 is actively seeking new acquisition and JV opportunities throughout Florida.”

The 101-key Suburban Studios Fort Myers Cape Coral is located just ten minutes from downtown Fort Myers, one of the fastest-growing cities in the nation. The hotel is conveniently close to attractions such as Edison Mall, the River District, Luxe 8 Flix Cinemas and Eastwood Golf Course. Fort Myers, a key tourist destination, attracts over 500,000 visitors annually with events like the Edison Festival of Light, ArtFest and the Fort Myers Film Festival. Guests enjoy easy access to nearby beaches, including Sanibel Island, Captiva Island and Fort Myers Beach.

"We sincerely appreciate the trust and collaboration of both the Seller and Buyer throughout this transaction,” said Pittaluga. “We are proud to have played a key role in successfully completing this deal. With a strong pipeline of hotels offering diverse value propositions, the HUNTER team is committed to actively connecting Sellers with qualified Buyers across the U.S."

The Suburban Studios Fort Myers Cape Coral features spacious guest rooms equipped with in-room kitchenettes, along with a heated outdoor pool and on-site laundry accommodations.