The Naples Beach Hotel has seen better days.
But soon, a new owner will transform the hotel into a luxury beachfront Four Seasons resort.
Earlier this year the Naples Beach Hotel & Golf Club agreed to sell the family-owned business but a lawsuit held it up until Friday when the sale was completed for $362 million.
The luxury resort will have 185 residencies and 216 rooms.
“I view it as a big thumbs up and can’t wait for it to begin,” said Deno Yiankes, a Naples resident who lives across the street from the hotel.
Neighbor Mary Young