"GATES has truly grown with the community that it has served for many years. Todd Gates and the associates at GATES have successfully formed an integrated family of high quality development, construction and real estate services uniquely equipped to serve the needs of the citizens and businesses of Southwest Florida and beyond."

- Dudley Goodlette
Former State of Florida Legislator

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Thursday, August 11, 2005

GATES McVey Has Purchased The Inn At Pelican Bay

Gates McVey is proud to announce the purchase of the Inn at Pelican Bay.  The six-story, 100-room, boutique hotel is located at 800 Vanderbilt Beach Road in Naples.  The hotel serves as an anchor to the nationally renowned upscale community of Pelican Bay.  Strategically located between Naples’ two Ritz-Carlton resorts, it offers easy access to championship golf, boating, tennis, beaches, restaurants and shopping.  Just a short walk to the beach, the hotel will soon enjoy a convenient location, across from the premier lifestyle center, The Mercato.

Gates McVey, through its Hospitality Division, plans to remodel the entire hotel, including the exterior and grounds.  Each individual guest unit will be completely updated and comfortably furnished.  The Gates McVey Hospitality Division plans to operate the hotel as a hotel-condominium and will be offering the guestrooms for sale to the public in the near future with prices expected from $190,000 - $289,000.  Guestroom purchasers will be offered several rental options that will allow for personal use and the sharing of room revenue through professional management.  Gates McVey will offer several financing options to qualified buyers.

Successfully operated for the past 12 years, the Inn at Pelican Bay will continue to operate as one of the area’s finest hotels.  Gates McVey has selected Guest Services, three-time winner of the prestigious “Connie” Award, to provide the finest hospitality management services to hotel guests and unit owners.  Guests and unit owners will enjoy a tropically landscaped heated swimming pool and whirlpool overlooking the lake.  Other amenities include a lobby bar, fitness center, concierge, and business center.  Natural preserves, parks, nature trails and of course, the famous powder-white beaches of the Gulf of Mexico serve as a backdrop to this exclusive address.

Led by Steve Robison, senior vice president of Gates McVey and Scott Lodde, president of Gates McVey Hospitality Group, the firm is currently pursuing additional acquisitions of similar quality properties throughout the state of Florida.  In addition to Gates McVey’s expertise in construction, development, real estate and finance, the hospitality division provides another venue for the organization’s growth plans.

Based in Naples, Florida, Gates McVey is a fully integrated construction, real estate, mortgage, development and hospitality firm providing services throughout the state of Florida.

For more information regarding guestroom purchases at the Inn of Pelican Bay, call Steve Robison at Gates McVey at (239) 593-3777.

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27599 Riverview Center Blvd., Suite 205, Bonita Springs, FL 34134 · (239) 593-3777

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