05 Nov2019

Hunter Hotel Advisors Announces Sale of Homewood Suites by Hilton St. Petersburg Clearwater to Hersha Hospitality Management

Hunter Hotel Advisors announces the Homewood Suites by Hilton St. Petersburg Clearwater has been sold to Hersha Hospitality Management (HHM) of Philadelphia, PA.

Hersha Hospitality Management operates high-quality, upscale, luxury and lifestyle hotels in urban gateway markets and resort destinations.  The Homewood Suites increases HHM’s Florida portfolio to ten hotels, including two under development. 

The Hotel is adjacent to the Carillon Office Park, home to Raymond James, Franklin Templeton Investments, and many other large employers.  It is proximate to both Tampa International Airport and St. Pete-Clearwater International Airport and is conveniently located right off I-275, the primary connector between Tampa and St. Petersburg.

 “This is a well-branded property acquired below replacement cost. The St. Petersburg-Clearwater-Tampa region is one of the fastest growing regions in the country and has emerged with a growing business base and appeal to young professionals.” – Trey Scott, Senior Vice President, Hunter Hotel Advisors.

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