 |
| Brian Adair |
A
124-room Extended Stay America Hotel will be built on the property.
Brian Adair and Ted Lightman, principals of NAI Realvest | Charles
Wayne Commercial, negotiated the transaction representing the seller Southwest
I-95 LLC. The seller is part of the Daytona Beach development team that
includes Charles Wayne Properties and Holub Development.
 |
| Ted Lightman |
The Charlotte-based buyer hotel entity ESH H Portfolio LLC had the
property under contract to purchase since December and decided to close when
all permitting was granted by the City.
The buyer was represented
by Carol Bauman of Southeast Commercial-Tampa Bay.
“The sale demonstrates how Ormond Beach is profiting by the growth
occurring nearby at Daytona’s LPGA I-95 interchange including the Tanger
Outlets and North American retail development and the Margaritaville
community,” Adair said.
About Charles Wayne Properties
Charles Wayne Properties has also served the needs of the real estate community since 1978. It has developed and managed shopping centers, freestanding retail, office buildings and industrial parks.
 |
| Carol Bauman |
To learn more please visit www.charleswayne.com.
CONTACTS
Brian Adair, Principal, NAI Realvest Charles Wayne
Commercial
407-875-9989 or 386-238-3600 badair@realvest.com
Ted Lightman, Principal, NAI
Realvest Charles Wayne Commercial
407-875-9989 or 386-238-3600 tlightman@realvest.com
Patrick Mahoney, President / CEO, NAI Realvest
407-875-9989 pmahoney@realvest.com
Beth Payan, Larry Vershel
Communications 407-644-4142 or 407-461-3781 beth@larryvershel.com
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