Boykin Lodging Co., a publicly traded hotel real estate investment trust based in Cleveland, has purchased the beachfront resort for $27.25 million. The resort, located just south of Naples along the Gulf of Mexico, sold for approximately $116,952 per suite. The acquisition was funded through borrowings under Boykin Lodging's credit facility.

Boykin Lodging has retained Boykin Management Co. to manage the Radisson Suite Beach Resort.

The resort consists of 233 deluxe one- and two-bedroom suites, all with screened balconies and Gulf views. The property's amenities include a tropical courtyard, small- and large-group meeting areas, an outdoor pool and whirlpool, poolside and fine-dining restaurants, and a lounge.