Alliance Real Estate Asset Management Group, LLC and Rockgate Management Company, collectively the “Partners”, formed Estero Hotel Associates, LLC to acquire a parcel of land in Estero, Florida and develop and own a 114-suite TownePlace Suites by Marriott (the Hotel”).

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The property is a 114 unit Town Place Suites, an extended-stay hotel brand of Marriott International, caters to the mid-priced segment of the market.