Palm Holdings announces acquisition of restaurant, marina in downtown Naples
Developer purchases land adjacent to Holiday Inn Express® & Suites
By: Palm Holdings
Palm Holdings, an international hospitality developer, announced today that it acquired the former EB's Steakhouse and the marina directly adjacent to the Holiday Inn Express® & Suites—Naples Downtown 5th Avenue, which it owns.
The acquisition, General Manager Priscilla Dias said, opens exciting possibilities.
"Guests ask us about the marina and nearby dining options every day," she said. "We're thrilled to acquire this waterfront property and excited about the chance to further enhance our guests' experience while they enjoy Naples."
Palm Holdings is currently exploring all options for development of the property, including the chance to build a 150-room hotel and a full-service restaurant. A brand for the hotel is yet to be finalized.
The restaurant on the property closed about nine years ago, Dias said. Palm Holdings purchased and opened the renovated Holiday Inn Express® & Suites—Naples Downtown 5th Avenue in 2013.
The award-winning hotel is conveniently located in the heart of downtown Naples, walking distance from entertainment, shopping, the business district and the Naples Pier.
The timeline is not yet set for development as Palm Holdings examines its options. The land parcel is approximately five acres, including water access with the marina.
"We love Naples," Dias said. "We look forward to revitalizing this land in a key part of our downtown and making it into something that adds to our community."
For more information on Palm Holdings, visit www.palm-holdings.com.
About Palm Holdings
Palm Holdings is an international hospitality and commercial development company specializing in acquiring, improving and managing hotels across North America and the United Kingdom. The family controlled company offers a wide range of business services including Palm Hospitality, an international hotel management and consultancy company; Palm Construction specializing in capital improvements, new developments and retrofits for hotels; as well as Palm Ventures, an equity services firm dedicated to acquiring and holding hospitality related real estate. Palm Holdings is one of the fastest growing hospitality firms with a portfolio spanning across three countries: the United States, Canada and the United Kingdom. The company builds brand equity through franchise models, management contracts, and outsourcing services with leading companies such as Marriott, IHG, Starwood, Choice Hotels, and many others. It is the winner of the Marriott Developer of the Year Award for North America in 2015 and IHG's Developer of the Year Award in 2017. For more details please go to http://www.palm-