07 Mar2022

Hunter Hotel Advisors Closes Sale of Select-Service Florida Asset

Hunter Hotel Advisors ("HUNTER") is pleased to announce the sale of the Hampton Inn & Suites Bradenton Downtown Historic District. NexPoint Hospitality Trust purchased the property from The Widewaters Group. Tim Osborne and Trey Scott, Senior Vice Presidents at HUNTER, advised the sellers. 

“The Hunter Team, led by Tim Osborne and Trey Scott, ran a competitive process that yielded numerous qualified offers.   Their keen understanding of current market conditions and the pool of active buyers produced favorable results for our ownership” said Bill Holstein, SVP of The Widewaters Group.

Known as "The Friendly City," Bradenton is located along Florida's Gulf Coast, south of the greater Tampa Bay area and north of Sarasota. Downtown Bradenton's many restaurants, museums, and attractions surround the Hampton Inn & Suites. The 119-room property is also within walking distance of the waterfront. In 2013, Widewaters renovated the historic property, appointing guest rooms with comfortable amenities and modern décor. Guests will also enjoy a fitness center, outdoor pool, complimentary breakfast, and meeting space. 

"With this property, the new owners are acquiring one of the strongest brands in the Hilton family in a virtually pandemic-proof market," Tim Osborne said. "The area surrounding Bradenton was one of the least impacted markets in the country in 2020. We expect the Hampton Inn & Suites Bradenton Downtown Historic District will continue to thrive in the coming years."

Trey Scott added, “Florida’s business-friendly environment is drawing corporate relocations from all over the country. It has always been a vacation market, and now investors are seeing the opportunity for growth in business demand.”

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