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Tampa, FL – December
2021 / Newsmaker Alert / DSH
Hotel Advisors, a leading hotel brokerage and advisory firm headquartered
in Tampa, Florida – specialized solely in hotels – announces that Dennis
Hopper, CCIM, Managing Principal and Randy
Taylor, Vice President Investments of the firm closed on the Quality
Inn by Choice Hotels in Palm Bay, FL on November 22, 2021 for $6,500,000.
Mr. Hopper and Mr. Taylor represented the buyer, S4 Global Investments,
and the seller, Palm Bay Hotel Venture, LLC. The
Quality Inn, Palm Bay is a 67-room hotel located directly off Palm
Bay Drive NW, approximately 1 mile from I-95 and 9.8 miles from Melbourne
Beach - positioned in a high growth area within Palm Bay/Melbourne. DSH
Hotel Advisors was responsible for brokering the sale of the property –
adding another Florida hotel transaction to their extensive track record.
“Right
now, we are experiencing more demand for hotels in Florida than we’ve seen
in a long time. As a result, our extensive network of hotel investors has
increased significantly over the last nine months. COVID disrupted the
market until around March of this year – and since March, the market has
really heated up. Financing is readily available and offered with attractive
terms, buyers are flush with cash, and both buyers and sellers are capitalizing
on the favorable market conditions. It was a pleasure working with the
seller, buyer, Ten-X, and all involved in this transaction. It was a great
opportunity for the buyer while also a very healthy sale price for the
seller,” says Hopper.
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“We
experienced a high level of interest in this property from buyers all over
the US and internationally. Due to our marketing efforts combined with
Ten-X, we generated more than 400 signed Confidentiality Agreements within
7 weeks, which helped create a competitive bidding environment between
buyers and allowed us to maximize the sale price for the seller. Florida
is experiencing significant growth which made this a unique acquisition
opportunity for the buyers (S4 Global
Investments) – we think that they are going to be very successful,”
says Taylor.
About
DSH Hotel Advisors
DSH
Hotel Advisors is a national hotel brokerage and advisory firm based
out of Tampa, Florida. The firm exclusively represents investors seeking
an acquisition or disposition of hotel assets throughout the United States,
with a regional focus in the southeast. The company has deeply rooted relationships
with key personnel throughout the hospitality industry, including independent
and institutional investors, real estate and franchise attorneys, management
companies, franchisors, contractors, and lenders, allowing them to deliver
a full spectrum of service to their clients and ensure the best team is
on the field for every assignment. In addition to the vast network of hotel
buyers within DSH Hotel Advisors’ network, the company also promotes collaboration
with other brokerage firms in an effort to maximize the sales price on
every exclusively listed assignment. Visit www.DSHHotelAdvisors.com
for more information.
Company
Contact:
Dennis
Hopper, CCIM
813-605-1756
DSH
Hotel Advisors |
