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Casa Del Sole Sold (Read 2283 times)
ezeddie
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Casa Del Sole Sold
Jul 21st, 2007, 3:12pm
 
I was perusing the real estate transactions and noticed the Casa Del Sole was sold for $1.768 million the week of May 19. It was purchased by Solven Hospitality, LLC which by name implies they may run hotels. There's that positive thinking! Wink
 
Source: http://www.capemaycountyherald.com/files/PTsTo5-19-07.pdf
 
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Al Alven
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Re: Casa Del Sole Sold
Reply #1 - Jul 21st, 2007, 3:47pm
 
Thanks for the info, Ed!
 
Wow, I can only imagine that it probably would have sold for a lot more than this just a few years ago.  
 
I hope the Case del Sole (Case del Sold?) will remain a motel, but I'm pretty confident about it as well. I don't know what the zoning regulations in that area are, but nothing on that Ocean Ave. stretch has been demolished and turning into condos or anything like that. That area is one of the few on the island that has remained virtually untouched.
 
The Casa del Sole has always looked like a very well-maintained property. It just received a new color scheme (either this year or last) and generally gets solid reviews on the tripadvisor.com-type sites...
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wildre
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Re: Casa Del Sole Sold
Reply #2 - Jul 21st, 2007, 4:16pm
 
Sol Ven manage/own several Wildwood Motels
http://www.solvenhospitality.com/
They also contributed $250 to Rudy Giuliani Presidential run  
 
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Al Alven
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Re: Casa Del Sole Sold
Reply #3 - Jul 21st, 2007, 4:27pm
 
I thought that name sounded familiar... Then again, I had a Dr. Solven in college, so I thought that was where I remembered the name from...  
 
Thanks for the info, re...
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Re: Casa Del Sole Sold
Reply #4 - Jul 21st, 2007, 6:15pm
 
The price is a steal considering the Alton is selling for 1.7 million! Im confident this place will reamin a motel.
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ezeddie
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Re: Casa Del Sole Sold
Reply #5 - Jul 21st, 2007, 6:46pm
 
Quote from wildre on Jul 21st, 2007, 4:16pm:
Sol Ven manage/own several Wildwood Motels
http://www.solvenhospitality.com/
They also contributed $250 to Rudy Giuliani Presidential run


 
Thanks for the link, Marie. Looks like it's in good hands!
 
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Re: Casa Del Sole Sold
Reply #6 - Jul 21st, 2007, 7:24pm
 
its always a win-win when a hotel sells and the new owners keeps it a hotel.Smiley
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Re: Casa Del Sole Sold
Reply #7 - Jul 22nd, 2007, 12:36am
 
Hopefully, this trend will continue
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ezeddie
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Re: Casa Del Sole Sold
Reply #8 - Jul 22nd, 2007, 9:33pm
 
Does anyone know if Sol Ven is a privately held company? I checked the web site and there is no managment info which would imply it is. It would be interesting to see a well managed hospitality company go public and use the revenue to acquire more Doo Wop Hotels.
 
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Re: Casa Del Sole Sold
Reply #9 - Jul 22nd, 2007, 10:50pm
 
I thought the Solven name looked familiar.... now I remember that I saw it on the sign outside the Knolls.  This is excellent news- a hotel remaining a hotel is never something to take for granted.  Now only if they decided to fix the name.  Shouldn't it be "Casa del Sol" and not "Casa del Sole"?
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Re: Casa Del Sole Sold
Reply #10 - Jul 22nd, 2007, 10:52pm
 
Quote from Rob Ascough on Jul 22nd, 2007, 10:50pm:
I thought the Solven name looked familiar.... now I remember that I saw it on the sign outside the Knolls.  This is excellent news- a hotel remaining a hotel is never something to take for granted.  Now only if they decided to fix the name.  Shouldn't it be "Casa del Sol" and not "Casa del Sole"?

 
Ah, chalk it up to the typical 'Wildwood quirkiness' on the spelling there.  Grin
 
I agree though, Rob. It probably would have been easy for us to take something like this for granted five or six years ago, but no more.
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