The 61-room hotel, formerly known as the Holiday Inn Express, is ideally situated directly off I-75 and Highway 64, is strategically located close to the Sarasota-Bradenton Airport and Florida’s Gulf Coast beaches. Amenities include an outdoor tropical pool, fitness center, business center, sundries shop, 37” flat-panel HD televisions, and free hot breakfast and wireless internet throughout.
The hotel has remained open while undergoing significant renovations over the past several months, and will be led by local resident and General Manager Andrea Horne with Liberty Hospitality Management, an award-winning hotel management company based in Tampa, Florida.
Liberty Bradenton Investments, LLC acquired the non-performing senior mortgage secured by the hotel, which was previously purchased in 2007 for $7.2 million, and obtained title through a foreclosure agreement in late 2011.
“We are very excited about the opening of the Best Western Plus in a market with so many diverse demand generators such as Bradenton. We believe in the long-term capital value of this investment and are optimistic that its success will benefit with the continued economic impact of Sarasota/Bradenton and the overall growth of the Florida economy. Liberty’s proven ability to physically enhance, reposition, and professionally manage this hotel will enable us to maximize operating performance and exceed customer expectations with the area’s premier hotel product,” says Punit R. Shah, President & Chief Operating Officer of the Liberty Group of Companies.
# # #
About the Liberty Group of Companies: The Tampa-based Liberty Group of Companies, founded over 30 years ago by hotelier Raxit N. Shah and now led by his son Punit R. Shah, has been actively pursuing hotel acquisitions throughout Florida and has invested in over $250 Million in various real estate investments as part of its strategy to pursue real estate assets that are undervalued and present attractive growth opportunities. Liberty currently owns and manages hotels and assisted living facilities throughout the United States, most of which are affiliated with Hilton and Intercontinental Hotels. For more information, please visit www.LibertyG.com