Naples
Tennessee hotel owner adds to local portfolio
A Memphis development and management company has bought a Naples hotel, its second in the city. Cooper Hotels’ latest purchase is the Hampton Inn & Suites by Hilton Naples-Central at 3210 Tamiami Trail N. A purchase price was not disclosed, and Collier County property records have not been updated. Cooper says it will spend more the $4 million on renovations to the 107- room property. The work will include updates to room designs, commercial area improvements and technological upgrades. The company’s other Naples hotel is the Hilton Naples at 5111 Tamiami Trail N. Cooper was founded in 1959 and currently owns and manages 17 Hilton branded hotels in four states. Of those, seven are in Florida including three in Fort Myers — Homewood Suites by Hilton Fort Myers Airport/FGCU; Homewood Suites by Hilton Fort Myers at Bell Tower Shops; and DoubleTree by Hilton Fort Myers at Bell Tower Shops. In all, the company’s portfolio includes three Hilton hotels, seven DoubleTree by Hilton hotels, two Homewood Suites by Hilton hotels, two Hilton Garden Inn hotels, two Hampton Inn & Suites by Hilton and one Embassy Suites by Hilton…