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Rockbridge Capital LLC Acquires the 212-room The Shores Resort
& Spa, Daytona Beach from Lowe Enterprises for $29 million

 
DAYTONA BEACH, Florida - October 8, 2009 An Ohio investment banking group has bought the oceanfront Shores Resort & Spa for $29 million. 

Rockbridge Capital LLC of Columbus, Ohio, bought the 212-room resort at 2637 S. Atlantic Ave. in Daytona Beach Shores from Lowe Enterprises Investors, which is based in Los Angles, according to Volusia County Clerk of Court records. 

Lowe Enterprises, another investment management firm, bought the property in February 2007 for $36.7 million from Noble House Hotels and Resorts Inc. 

The hotel was built in 1973  and operated as a Hilton for many years. Noble House did a $30 million renovation of the property.
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The Shores Resort & Spa
2637 South Atlantic Avenue
Daytona Beach, Florida
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Contact:

Bob Davis
BDavis@Daytonahotelmotel.com

 

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Also See: Lowe Enterprises Investors Acquires the 212 room Shores Resort & Spa in Daytona Beach Shores, Fla. for $39.8 million; Destination Hotels & Resorts to Manage / February 2007
Noble House Hotels & Resorts Readying the Debut of The Shores Resort & Spa in Daytona Beach Shores, Florida; the Former 212 room Hilton Receiving $20 million Transformation / December 2004
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