Deals
New Hotel Planned for 12.5-Acre Palmetto Parcel
California's BACC Hotel, LLC recently purchased land adjacent to the Bradenton Area Convention Center for the hotel for $5.3 million.
In a transaction facilitated by Fort Myers' Fischler Property Company, California's BACC Hotel, LLC recently purchased 12.5 acres of property adjacent to the Bradenton Area Convention Center in Palmetto for $5.3 million. BACC Hotel and San Francisco's In Development Partners plan to build an eight-story, 251-room Sheraton Hotel on the property, plus a second 126-room hotel, an 18,000-square-foot, two-story connecting building and restaurant and retail space. The estimated total construction cost is $60 million.
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