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Welcome to the Fairhomes Land Investor Information website. Please read the information carefully before using this site. By continuing on this site you acknowledge that you have read and agreed to the following: Forward Looking Statements – Statements prepared by Fairhomes Land and made on the Fairhomes Land Investor Information website that are not historical facts are forward looking statements as defined in the Private Securities Litigation Reform Act of 1995. For the purpose of establishing the Seller’s compliance with Federal Interstate Land Sale Full Disclosure Act 15 USC 1701 (“ILSA”) in the sale of lots to buyers, the enquirer confirms that they are a builder, investor or developer licensed to do business in the state of Florida and is engaged in a bona fide land sale business and is purchasing the property for the sole purpose of either constructing a residential home or selling the same in the normal course of its business. The enquirer further represents and warrants to the Seller that the enquirer is in the above referenced business sale of land sales and/or building residential homes and selling the same as an activity of continuity, regularity and permanency. The enquirer is a knowledgeable and sophisticated investor, developer or builder of real estate properties.
Tel: +1 (905) 415-9267 or +350 200 400 48

120-room hotel acquired

15th Nov, 2012back

241 TerraCap Partners has made the announcement that it has purchased a Hampton Inn & Suites hotel with 120 rooms in Fort Myers Beach, Florida.  The hotel is situated at 11281 Summerlin Square Drive and is located just 2.5 miles from two big tourist destinations in the form of Sanibel/Captiva Beaches and Fort Myers Beach.


Amenities at the hotel include a business center, courtyard, two boardrooms comprising 800 square feet of meeting space, and an outdoor pool. There is also a 62-seat, 14-table complimentary breakfast area.  Aimbridge Hospitality has been managing the property since November last year, with the firm currently overseeing over 24 resorts and 86 hotels in both the United States and the Caribbean.  The Hampton Inn & Suites brand name is to be maintained by TerraCap Partners.


"This is a top notch property that we were able to close at less than 50% of replacement cost, just as we accomplished with our purchase of the Coconut Office Center back in September," said the founder and co-managing partner of TerraCap Partners, W Stephen Hagenbuckle.  "In addition to the strength of the Hampton Inn & Suites brand name, this deal, which marks our second hotel purchase, demonstrates our ability to take advantage of high quality distressed commercial real estate opportunities."


The purchase is one of a number of recent acquisitions made by TerraCap Partners II, which is the company's most recent opportunity fund.  Thus far, the second fund of TerraCap has made nine investments consisting of over 600,000 square feet of office, hotel, apartment, mixed use and light industrial properties, as well as 330 acres of land.  The firm is close to totally harvesting its fund, which was launched three years ago back in 2009.

Between 1976 and 2006 the value of building plots in Florida rose from an average of $15,000 to $250,000

The Lincoln Institute of Land Policy