December 11, 2019, Boca Raton, FL — Waramaug Hospitality announced today that it acquired the Holiday Inn Express & Suites Naples North – Bonita Springs, located in Bonita Springs, Florida.
The four-story, 105-room property features standard Holiday Inn Express amenities and was renovated to the IHG Formula Blue standard at a cost of $1.5mm in 2016. Waramaug will complete the Formula Blue renovation with significant lobby and public space upgrades, as well as new carpet and other amenities in the guest rooms.
“Despite its outstanding location and amenities, the property has been trailing the competitive set, and we intend to reposition the hotel through targeted renovations and a revamped sales and marketing effort,” said Craig Nussbaum, Senior Vice President, Waramaug Hospitality. Twenty/Twenty Worldwide Hospitality, who manages Waramaug’s nearby award-winning La Quinta Inn & Suites, will manage the Holiday Inn Express & Suites.
The Holiday Inn Express & Suites is strategically located at the intersection of US Highway 41 (Tamiami Trail) and Bonita Springs Road, placing it just 3 miles to the beaches of the Gulf of Mexico, and a short drive to the Delnor-Wiggins Pass State Park, Miromar Outlets, The Promenade, Coconut Point Mall, and the Mercato Plaza. Southwest Florida International Airport (RSW) in Fort Myers provides convenient access only 14 miles north of the hotel.