Hotel management company PM Hotel Group is set to add the Hyatt House Naples (Fla.)/5th Avenue to its portfolio.
“The addition of Hyatt House Naples/5th Avenue reflects the kind of thoughtful, long-term partnership our owners expect from us, whether that means stepping into a well-established asset or positioning it for its next chapter,” Paul Sacco, chief growth and development officer of PM Hotel Group, said in a statement. “Florida continues to be an important growth market for us, and we're excited to expand into Naples with a property that reflects our ability to tailor our approach across hotel segments and deliver strong performance for our owners. We are particularly thrilled to partner in operation with Finfrock and The Plasencia Group on this fantastic property.”
Located along the Gordon River at the eastern end of downtown Naples' 5th Avenue South, Hyatt House Naples/5th Avenue opened in 2016. The 183-room hotel has traditional guestrooms as well as studio, one-bedroom and two-bedroom suites, many with full kitchens and balconies. Amenities include an on-site marina, a resort-style outdoor pool, the Latitude 26 restaurant and bar, a fitness center and approximately 3,100 square feet of meeting space.
PM Hotel Group has a portfolio of more than 90 hotels nationally, including multiple Hyatt properties.