The .76 acre piece of property is located at 925 Estero Boulevard across from Lynn Hall Park. The 2-story motel previously located on that property was destroyed in Hurricane Ian and was demolished. The lot is now empty.
Back in 2021, the property sold for $5 million and in 1992 it sold for $10,000. The motel has been around since 1952 according to Lee County documents.
The new owners are successful entrepreneurs and philanthropists Thomas and Chantel Bagwell out of Cumming, GA. Thomas Bagwell took over a company his father started called American Proteins as CEO in 1972 when his dad passed away. When Bagwell took over, the company generated $10 million in annual sales and had 50 employees. By 2006 Bagwell had grown the company to 650 employees with annual sales of $250 million. Bagwell sold the company to Tyson Foods for $850 million in 2018.
The husband and wife duo launched The Chantal and Tommy Bagwell Foundation in 1996 where they donate over $5 million every year to causes they support.
Jesse Schmid, who owned the Holiday Court property, and was having the units upgraded before the storm, has been coming to Fort Myers Beach for decades. He also owned several other properties on the island, including a number of beachfront homes. He told Beach Talk Radio News Tuesday night, it was just time to move on rather than go through the long process of rebuilding. Schmid also owns a commercial truck rental business in Illinois.