The demolition of the property was part of a settlement the Town reached with its foreclosure lawsuit against the owners of the old Holiday Inn property. Florida Development Group South (FDG), which has owned the hotel property (and the old Villa Caprice motel to the east) since 2014, paid the Town $1.65 million in code violation fines owed on both properties, and agreed to demolish the Holiday Inn site. FDG has until December to complete the work, but should be finished sooner. FDG already demolished the old Villa Caprice hotel and brought it into Code compliance in response to the Town’s lawsuit in the spring of 2019.The $1.65 million collected is believed to be the largest Code fine settlement in Town history.At a special Town Commission meeting on June 23rd, where the settlement was accepted, Mayor Chris Vincent and other commissioners thanked Town attorneys Susan Trevarthen and Sam Zeskind for their work in negotiating the settlement, as well as Commissioner Randy Strauss, an attorney who acted as the Town Commission’s liaison during the negotiations.“I’m surprised the result was that good for the Town,” Commissioner Elliot Sokolow said.Under its agreement with the Town, FDG will spend $390,000 to demolish the Holiday Inn, sod the property, install irrigation and erect fencing to match the current property conditions at the old Villa Caprice site across El Mar Drive.
A close-up photo of gutted rooms.
The Holiday Inn property looking north from Palm Avenue.
A view of the Holiday Inn property looking east.