News

19 May2022

Hunter Hotel Advisors Arranges Sale of the Inn on Fifth

Hunter Hotel Advisors ("HUNTER") is pleased to share its role in the sale of the iconic Inn on Fifth in Naples, Florida. On May 11, 2022, Pebblebrook Hotel Trust, a publicly traded real estate investment trust ("REIT"), purchased the AAA Four Diamond hotel from its owner, founder, and developer, Phil McCabe. Seattle-based Noble House Hotels & Resorts will manage the property. HUNTER’S Miami Office, comprised of Robert Taylor, Executive Vice President of HUNTER, and Sophia Pittaluga, Vice President of HUNTER, represented the seller.

Phil McCabe opened The Inn on Fifth in 1998, kicking off the revitalization of Naples' central business district with the unique property serving as its anchor. The Inn on Fifth is comprised of two buildings, the Main and Club Level, and is home to more than 20,000 square feet of fully occupied retail space. In addition to The Inn on Fifth's AAA Four Diamond status, Forbes Travel Guide recently awarded the hotel a four-Star rating in its annual list of Star Rating winners for the ninth consecutive year. Upscale restaurants, galleries, and boutiques surround this luxurious, independent hotel. 

“We are extremely excited to acquire this premier Naples landmark resort in the high barrier to entry Naples market,” said Jon E. Bortz, Chairman, President, and Chief Executive Officer of Pebblebrook Hotel Trust. “The Inn on Fifth exemplifies South Florida’s effortless blend of upscale, laid-back luxury and was developed flawlessly and cared for meticulously by the current owner.” 

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