Hoffmann Commercial Real Estate (HCRE), part of Hoffmann Family of Companies (HF Companies), announces the sale of a portion of its downtown Naples real estate portfolio to M Development for an undisclosed price. This monumental transaction, the largest in HF Companies’ history, is a strategic move for the family equity firm.
HF Companies and the Hoffmann family remain committed to the people of Southwest Florida and will remain one of the largest employers in the region, with more than 2,000 employees. Following this transaction, HF Companies continues to own more than twenty properties in the Naples area, including ten industrial sites, Hertz Arena, Port O Call Marina, The Old Collier Golf Club, and over 1,000 acres of agricultural growing sites.
HCRE first made headlines in October 2015 with its real estate acquisitions on Fifth Avenue South. In recent years, HF Companies’ investment strategy has shifted from a primary focus on real estate to include investment in businesses across nine additional sectors: agriculture, aviation, financial services, hospitality, industrial manufacturing, marine, media & marketing, professional services, and transportation.
“We are proud of the impact we’ve made on Fifth Avenue South, a world-class destination that rivals avenues and boulevards around the world,” states Greg Hoffmann, Principal & CEO of HCRE and co-CEO of HF Companies. “While the time has come to pass the ownership torch on some of our local real estate holdings, we are committed to growing our impact through further investment in Southwest Florida businesses and will continue to maintain the ‘Hoffmann Standard’ across all our holdings.”
The HF Companies investment philosophy centers around finding good companies, properties, and people and helping make the products and services delivered even better. In 2022-2023, HF Companies made 13 investments, including Linstol, a Naples-based supplier of in-flight passenger products, and the bolt-on MNH Sustainable Cabin Services. Additional investments include Wayne Manufacturing, RMC Destination Management Company, JED Transportation, Shepler’s Mackinac Island Ferry, plus a range of hospitality, marine, and media companies.
“This transaction represents an exciting new chapter for our firm to invest in even more companies and management teams that share our values systems on culture and performance,” shares Geoff Hoffmann, co-CEO of HF Companies. “SW Florida has proven to be a world-class destination and will remain an integral part of our portfolio.”
“Naples has become our home, and we are not leaving town. Our real estate properties are very visual but a small part of our overall family investment strategy and portfolio,” states David Hoffmann, Founder and Chairman of HF Companies. “HF Companies, under Greg and Geoff’s leadership, will continue to invest in Naples and Southwest Florida through the purchase of new businesses to join the Hoffmann Family of Companies as we expand our interests.”
HF Companies currently owns and operates more than 30 businesses in Southwest Florida, including:
– 5 Star Valet
– American Farms
– Coral Cay Adventure Golf
– Everglades Excursions
– Florida Everblades
– Florida Healthcare News
– Florida Weekly
– GlobalWorks
– Hertz Arena
– Hoffmann Creative Agency
– Hoffmann Executive Suites
– ifoundmydoctor.com
– Kaleidoscope Home & Floral
– Lark & Willow Events
– Linstol
– Marco Island Water Sports
– Miss Naples
– Mitch’s Cookies
– Naples Beach Water Sports
– Naples eBike Tours
– Naples Princess
– Naples Transportation & Tours
– Naples Trolley Tours
– Old Corkscrew Golf Club
– Port O Call Marina
– Regency Watersports
– Segway of Naples
– Stan’s Coffee & Food Service
– Sunmaster of Naples, Inc.
– The Old Collier Golf Club
– Tier Electric & EV
– Titan Screen
– Topiary Creations
– World Wide Farms
About Hoffmann Family of Companies
Whether you enjoy our properties, buy our products, attend our events, rely on our services, or join Hoffmann Family of Companies, we want your experience to be world-class without exception. We find good companies, properties, and people and help make the products and services we deliver even better—from the big picture to the smallest details. We are all fully invested in creating world-class experiences and value in all we do.
Our family of brands is organized into ten growing sectors: agriculture, aviation, financial services, hospitality, industrial manufacturing, marine, media & marketing, professional services, real estate, and transportation. With over 115 national brands, we are proud to employ more than 9,000 employees across 250 locations in 30 countries. Our philosophy is to invest in people first, then companies.
About Hoffmann Commercial Real Estate
Hoffmann Commercial Real Estate has repeatedly transformed and maintained properties to a Class “A+” standard, known as the “Hoffmann Standard.” Our portfolio exceeds $1 billion and is rapidly growing, consisting of stabilized and value-added properties in strategic locations throughout the country. With a reputation for an unrivaled commitment to excellence, we own and operate properties throughout the United States across Colorado, Florida, Illinois, Indiana, Michigan, Minnesota, Missouri, Tennessee, and Texas.
Linstol, the largest manufacturer of in-flight passenger headsets in the world has acquired MNH Sustainable Cabin Services (MNH) of the UK.
Since 1998, MNH has specialized in delivering Performance Management & Refurbishing Solutions supporting Inflight Service & Ground Handling Teams from many of the world’s leading airlines, including Headset, Amenity Kit & Laundry Service Chain Programmes. In addition to managing service levels and reducing spend, MNH works with all clients to help deliver their sustainability objectives.
MNH & Linstol have enjoyed a strategic relationship for over 15 years, sharing a solution-focused, accountable culture based on family values which has helped both companies grow to industry leaders. The Senior Management Team of MNH will maintain an equity position in MNH and will continue to lead and manage the business.
“MNH’s achievements in the last 25 years have been incredible thanks to our specialist operational teams, unique Performance Management Platform ROTIX® and our strong partnerships with suppliers and airline clients. MNH’s Performance Management & Refurbishment Programmes covering Inflight Passenger Comfort Items naturally complements Linstol’s industry-leading design and production strengths. I look forward to the next chapter for MNH and to continue pushing the boundaries of innovation and service levels our airline partners expect.” Matt Rance, CEO, MNH.
In 2022, Linstol, was acquired by the Hoffmann Family of Companies (HF Companies), a multi-vertical conglomerate of over 120 brands around the world including; Agriculture, Aviation, Business & Professional Services, Financial Services, Hospitality, Industrial Manufacturing, Marine, Media & Marketing, Real Estate, and Transportation. Their expansion continues to diversify the vast portfolio offering additional strategic partnerships between all verticals.
“Linstol’s growth and success over the last 30 years is attributed to our people and our strategic partners. MNH joining the Hoffmann Family of Companies is a testament to Linstol’s vision of spearheading a revolution in the travel industry by providing visionary, sustainable and unparalleled passenger comforts and exceptional service. I look forward to collaborating with MNH on a larger scale to increase our product supply and service programs globally through our airline partnerships and pioneering technology whist delivering on mutual sustainability“ Mark Russell, Chief Executive Officer, Linstol.
To learn more about the MNH and Linstol visit:
https://www.mnhscs.com/
https://Linstol.com
Hoffmann Commercial Real Estate, a part of the Hoffmann Family of Companies, has signed a definitive letter of intent to acquire 465 5th Ave South from the McCabe family, a prominent building on the corner of 5th Ave South and 5th Street.
Over 25 years ago, Phil McCabe envisioned a vibrant 5th Ave, full of shopping, dining, and entertainment, and took a risk opening the Avenue’s first hotel, The Inn on Fifth. For over two decades, the McCabe family has advanced the vision of Naples and 5th Ave South, with multiple properties, restaurants, and residences. The 465 5th Ave South building stands as an icon with high-end retail space on the Avenue, a hidden wine bar, and luxury residences above, including a rooftop deck and pool. The aesthetics and quality of the building represent McCabe’s attention to detail and dedication to furthering the vision of 5th Avenue South.
“We’re honored to be purchasing the building from the McCabes” says David Hoffmann, Chairman and Founder of the Hoffmann Family of Companies. “They took a risk investing in the area and that risk has paid off. We’re happy to be part of their continued success,” he added.
Hoffmann Commercial Real Estate is one of over 120 brands within the Hoffmann Family of Companies holdings with 47 of those located in Florida and SWFL. These include Hertz Arena and the Florida Everblades, The Old Collier Golf Club, and Old Corkscrew Golf Club, Stan’s Coffee and Food Service headquartered in Lehigh Acres, Naples Transportation & Tours, The Naples Princess, Miss Naples and Port O Call Marina, Sunmaster Inc, and Linstol, the world’s largest airline headset manufacturing headquartered in Naples to name a few. The Hoffmanns are also avid supporters of local charities and causes, having recently donated $500,000 to the Sugden Theater and $1 million to the Naples Zoo (both of which will feature the Hoffmann name), $250,000 to FGCU to further their wine lab and hospitality studies, and are supporters of the Conservancy of Southwest Florida, gala sponsors of The Everglades Foundation, and major supporters of NCEF.
Most recently, the Hoffmanns announced they are acquiring the Award-winning Bleu Provence restaurant and property in Olde Naples.
“We will continue to invest in Naples and grow our portfolio of properties and businesses in Southwest Florida. We’re here for the long haul, Naples is our home.” – David Hoffmann
Photo credit: Loopnet/CoStar
The Florida Press Association named Florida Weekly the best weekly newspapers in the state after the newspapers garnered 28 journalism prizes at the annual association awards program on July 21st, 2023 in Sarasota. This is the eighth time Florida Weekly has won the state’s top award.
This year, in the category for weekly newspapers with circulation above 15,000, Florida Weekly writers, designers and editors won 13 first place, eight second place and seven third place awards.
“Our editorial and design teams constantly strive to find new ways to connect with our 200,000 readers,” said Betty Wells, interim executive editor. “It’s very gratifying for us to be recognized for our outstanding work in telling the stories of the communities we serve.”
Florida Weekly was founded in 2007. Last year, the Hoffmann Family of Companies acquired the nine newspapers in the group from the founders.
The Florida Press Association’s Weekly Newspaper Contest is open to monthly, semi- monthly, weekly, semiweekly and tri-weekly newspaper members.
For more information and to see the stories and photos that were cited, see floridamediacontests.com.
First Place Awards
1. Better Weekly Sweepstakes — Division A (aka Best Weekly Newspaper)
2. Community Service — Division ABC — Cindy Pierce
3. Hurricane Coverage- General News Story — Division A — Laura Tichy
4. General News Story (Gwen Stevenson Memorial Award) — Division A — Mary Wozniak
5. Investigative Reporting (Claudia Ross Memorial Award) — Division A — Mary Wozniak
6. Feature Story: Non-profile — Division A — Roger Williams
7. Hurricane Feature Story — Division A — Laura Tichy
8. Arts, Entertainment & Review Reporting — Division A — Mary Wozniak
9. Business Reporting — Division A — Mary Wozniak
10. State & Local Tax Reporting (The Tax Watch Award) — Division A — Roger Williams
11. Community History — Division A — Roger Williams
12. Spot News Photo — Division A — Kinfay Moroti
13. Photo Series in One Issue — Division A — Kinfay Moroti
Second Place Awards
1. Community Service — Division ABC — Laura Tichy
2. General News Story (Gwen Stevenson Memorial Award) — Division A — Laura Tichy
3. Investigative Reporting (Claudia Ross Memorial Award) — Division A — Laura Tichy
4. In Depth Reporting (Non-Investigative) — Division A — Laura Tichy
5. Roads & Transportation — Division A — Mary Wozniak
6. Best Obituary — Division A — Roger Williams
7. Sports Feature Story — Division A — Glenn Miller
8. Overall Graphic Design — Division A — Staff
Third Place Awards
1. In-Depth Reporting (Non-Investigative) — Division A — Roger Williams
2. Faith & Family Reporting — Division A — Roger Williams
3. Roads & Transportation — Division A — Staff
4. Local Government Reporting — Division A — Laura Tichy
5. Agricultural & Environmental Reporting — Division A — Laura Tichy
6. Best Obituary — Division A — Nancy Stetson
7. Health, Science & Medical Reporting — Division A — Robin DeMattia
The Hoffmann Family of Companies (HF Companies) has officially acquired JED Transportation of St. Louis, Missouri (LOI announced March of 2023), the largest transportation provider in the St. Louis metropolitan area while simultaneously acquiring a third, bolt-on, St. Louis transportation company, Corporate Transportation.
Since its founding in 1967, JED Transportation has become the largest and most respected luxury transportation provider in St. Louis, Missouri. Focused primarily on corporate, airline crew, sports teams, universities, and wedding transportation logistics, the JED full fleet of over 70 vehicles including sedans, SUVs, Vans, Mini-buses, Coaches, School busses, and limousines, meets all the needs of diverse customer base. The addition of Corporate Transportation further expands offerings and services to the mix.
“Aligning the JED Brand with the Hoffmann Family of Companies is a Once-in-a- Lifetime opportunity” says Vince Schneider, Chief Managing Member of the JED Companies.
JED Transportation and Corporate Transportation joins a growing portfolio of HF Companies in the Business Services sector aimed at providing a one-stop solution for corporations and event planners. In the St. Louis market, JED & Corporate Transportation is joining with Mid- American Coaches of Washington, Missouri, and nationally with Naples Transportation & Tours headquartered in Naples, Florida, Palm Beach Tours & Transportation in Palm Beach, Florida, and now into Michigan with a LOI to acquire Michigan’s largest transportation provider, rapidly growing the company’s vertical while providing access to an already vast global network of HF Companies partners.
“We are thrilled to report our ongoing expansion in St. Louis and throughout the mid-west, further diversifying our portfolio and increasing accessibility to our corporate partners and affiliates,” says Tamir Rankow, Director Hoffmann Family of Companies. “We are strategically poised to move quickly on a series of growth opportunities in the pipeline as well,” he added. The HF Companies Business Services portfolio is continuously growing with a focus on becoming a $1 billion entity by Q4 2023.