Marcus & Millichap Brokers Tampa Hotel Deal
- Jul 03, 2020
Marcus & Millichap has completed the $10.5 million sale of SureStay Plus Hotel by Best Western Clearwater Central, a 178-key property in Clearwater, Fla. Senior Vice President Ahmed Kabani negotiated the deal on behalf of the seller, a private investor. According to public records, the asset last changed hands in 2018, when HRC Hotels sold it for $7.7 million.
Located on a 5-acre parcel at 21030 U.S. Highway 19 N, the property was completed between 1964 and 1973. SureStay Plus Hotel by Best Western Clearwater Central is close to the retail corridor along Gulf to Bay Boulevard and 6 miles north of the St. Pete-Clearwater International Airport. The hotel used to operate under HRC’s Hampton Inn brand, but following the 2018 sale it was renamed. Amenities include a swimming pool, fitness center and laundry facility.
Last December, Kabani, along with colleague Juan Alzate, spearheaded the $21 million sale of CoCo Key Hotel and Water Resort, a 396-key property in Orlando, Fla. InSite Group sold the asset to a private investor.