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Inn on Fifth to sell for $156 million in downtown Naples

Posted by Tim Aten on April 22, 2022
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After being owned and operated for more than 25 years by local entrepreneur Phil McCabe, the Inn on Fifth is changing hands soon in downtown Naples. Pebblebrook Hotel Trust, a publicly traded real estate investment trust, announced Thursday that it executed a contract to acquire the 119-room hotel for $156 million. McCabe purchased the property at 699 Fifth Ave. S. in August 1996 for $2.65 million and redeveloped commercial property
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