La Quinta Inn & Resort Suites has officially opened its doors in Naples, Florida after TerraCap Partners purchased the property in 2012 and invested in a full renovation of the resort.
TerraCap Partners is an investment company that lists real estate as a specialty in its varied portfolio of work. Based in Naples, Florida, the firm has been taking advantage of the investment opportunities abundant in its own back yard.
With 15 deep value land investments in high growth markets, Southwest Florida has provided the main location for the firm's investment interests.
The 87-room recent addition to its portfolio is located in Bonita Springs, Florida and has undergone a drastic makeover, with each room, the public space and the exterior having been renovated. The resort also boasts a waterfront heated pool, fitness center, 24-hour business center and more. It is minutes away from the Gulf of Mexico beaches, numerous shopping centers, golf courses, and Sanibel and Captiva Islands.
Rajiv Trivedi, executive vice-president and chief development officer at La Quinta, said: "We are delighted to welcome the La Quinta Inn & Suites Bonita Springs / Naples North to the La Quinta family." He went on to add: "As La Quinta continues to solidify its position as the premier brand in select service in the hotel industry, this property exemplifies the high level of excellence that will be apparent to every guest that visits the Bonita Spring market."
Robert Gray, managing principal at TerraCap Partners, echoed Trivedi's enthusiasm for the opening, saying: "We are proud to join with Bonita Springs Mayor Ben Nelson, members of our Chamber of Commerce, and of course by La Quinta representatives, as we cut the ribbon to officially open our doors."
