Maingate East Development Acquires Property From Interdevco For $7 Million With Broker Dennis Hopper

The transaction involved the sale of a Microtel Inn & Suites by Wyndham located at 4056 N Tamiami Trail, Port Charlotte. The property was sold for $7,000,000.00. The hotel features a business center, fitness center, complimentary breakfast, free Wi-Fi, outdoor pool, and meeting rooms. It is situated near several local attractions including the Charlotte County Historical Center, Bayshore Park Fishing Pier, and the Cultural Center of Charlotte County. The overall market for this transaction is designated as Port Charlotte.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $7,000,000.00
• Buyer: Maingate East Development
• Seller: Interdevco
• Buyer's Representative: Dennis Hopper - DSH Hotel Advisors
• Market: Port Charlotte
• Square Footage: 0

Dennis Hopper of DSH Hotel Advisors represented both the buyer, Maingate East Development, and the seller, Interdevco, in this transaction. The Microtel Inn & Suites serves as a notable asset within the local hospitality market, contributing to the area's rental and tourism landscape.