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13020 North Cleveland Avenue
SOLD

Nilesh Patel Acquires Riverview Inn Hotel In North Fort Myers For $3.18M

13020 North Cleveland Avenue

Hotel
clock iconSold 33 days ago
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Summary

Sale
FLORIDA
Hotel

The Riverview Inn located at 13020 North Cleveland Avenue in North Fort Myers has been sold for $3,180,000. The two-story hotel, constructed in 1984, features 28 rooms and is positioned near North Shore Park and the Caloosahatchee River, offering a strategic location for guests.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $3,180,000
  • Buyer: Nilesh Patel - Shree Kavya Hospitality
  • Seller: SW Sunshine
  • Keys: 28
  • Price per Key: $113,571

Shree Kavya Hospitality, the buyer of the Riverview Inn, also owns a neighboring Days Inn. The acquisition of Riverview Inn for $3.18 million adds to their portfolio, expanding their presence in the North Fort Myers hospitality market.

Details

Deal Summary
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SOLD
IMAGE: 06/09/2024 ADDRESS: 13020 North Cleveland Avenue - Riverview Inn MARKET: North Fort Myers ASSET TYPE: Hotel BUYER: Nilesh Patel - Shree Kavya Hospitality SELLER: SW Sunshine SALE PRICE: $3,180,000 KEYS: 28 ~ PPK: $113,571 NOTE: Shree Kavya Hospitality, the owner of a nearby Days Inn, purchased the Riverview Inn in North Fort Myers for $3.18 million, as indicated by Lee County public records. The two-story hotel, built in 1984, boasts 28 rooms and sits close to North Shore Park and the Caloosahatchee River crossing into downtown Fort Myers.

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Address13020 North Cleveland Avenue

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