Rockbridge Acquires The Shores, Daytona Beach
DAYTONA BEACH, FL, October 8, 2009 - An Ohio investment banking group has bought the oceanfront Shores Resort & Spa for $29 million.
Rockbridge Capital LLC of Columbus, Ohio, bought the 212-room resort at 2637 S. Atlantic Ave. in Daytona Beach Shores from Lowe Enterprises Investors, which is based in Los Angles, according to Volusia County Clerk of Court records.
Lowe Enterprises, another investment management firm, bought the property in February 2007 for $36.7 million from Noble House Hotels and Resorts Inc.
The hotel was built in 1973 and operated as a Hilton for many years. Noble House did a $30 million renovation of the property.
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