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Digital rendering of the future Compass Hotel by Margraritaville in Naples. Courtesy of TPI Hospitality A tropical slice of Margaritaville plans to launch in Naples this year. Construction will begin this summer to convert an existing hotel on U.S. 41 into a Compass Hotel by Margaritaville, targeted for a December opening. “The Compass Hotel Naples is replacing the Staybridge Suites Naples, said Kelly Basham, regional director at TPI Hospitality, the Minnesota-based developer and hotel management company that also is behind the Margaritaville Resort under construction on Fort Myers Beach. “There will be no structural changes to the existing hotel, however many cosmetic changes bringing on a new, fresh feel to the area.” The location at 4805 Tamiami Trail N. in the Park Shore area of Naples will be the first all-suite hotel in the Compass portfolio. The property, intended to have a boutique hotel look and feel, will feature 120 fully equipped suites in a paradisical setting inspired by “Margaritaville,” Jimmy Buffett’s hit song about frozen concoctions and lost shakers of salt. Read the full story on Gulfshore Business.