|Published:||Feb 21, 2011 11:44 PM EST|
|Updated:||Feb 21, 2011 8:46 PM EST|
NAPLES, Fla. - A hotel in Naples tells WINK News they've had the best four months in their 14 years and now they've spending millions to expand.
Phil McCabe, owner of the Inn on Fifth, admits the last few years have been rough for anyone dependent on tourism, but lately visitors have proven they are more willing to spend. McCabe attributes this to pent up demand from the last couple of years of tightening the purse strings, and the horrible weather up north.
McCabe believes now is the time for an expansion he's been planning for years. He owns the building across the street from the Inn and it's about to be torn down to make room for a new three story building.
The first two floors will be for commercial and retail space. The third will be nearly a dozen of the Inn's top notch suites. The best rooms go for under $500 in season, and happen to be McCabe's best sellers.
The cost of the new building will be over $10 million and construction should start in July. It's an investment McCabe hopes will not only grow his business but garner more development on 5th Avenue.
McCabe also tells WINK News the nine businesses being forced to relocate form his building have been aware of his plans, however the ones we spoke to chose not to comment.
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