JACKSONVILLE, FL-The Liberty Group has acquired the Jacksonville Best Western Hotel & Suites here for $4.2 million.
A wholly owned subsidiary of the Clearwater, FL-based firm, Liberty Atlantic Investments LLC, purchased the $4.2-million, non-performing senior mortgage collateralized by the hotel in 2010, the company reports in a written statement. The Jacksonville Best Western Hotel & Suites is a 60-unit hotel that features an outdoor swimming pool and fitness center.
According to the Jacksonville Business Journal, the Liberty Group prevailed in federal court in a bankruptcy and foreclosure involving the debtor, Mayport Properties. Last October, a joint venture of DeBartolo Development and the Liberty Group acquired a Holiday Inn Express in Jacksonville. See story in the Jacksonville Business Journal.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
