DSH Hotel Advisors Hosts Sale of 64-Room Comfort Suites in West Jacksonville, Florida

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TAMPA, Florida, September 30, 2021 / PRNewswire / – DSH Hotel Advisors, a leading national hospitality brokerage and consulting firm headquartered in Tampa, Florida – specialized only in the hotel industry – announced that Dennis hopper, CCIM, Managing Director and Randy Taylor, Senior Investment Associate of the private company on the Comfort Suites West Jacksonville, Florida to September 27, 2021 for an undisclosed price. Mr. Hopper and Mr. Taylor represented the seller, Alpha Hospitality, LLC, and the buyer, SD Hospitality, LLC. The property had a list price of $ 6.7MM at time of sale.

The Comfort Suites West Jacksonville is a 64-room, four-story interior hallway hotel located directly off Interstate 295, approximately 10 minutes from Jacksonville International airport. The hotel is well placed in a high growth area within Jacksonville. DSH Hotel Advisors was responsible for negotiating the sale of the property – adding another Florida hotel transaction to their strong track record.

“We have spent over 10 years building one of the strongest hotel investor databases in the industry – specific to Florida. We also partner with all major commercial real estate advertising platforms to ensure maximum exposure of our exclusive listings and ultimately lead to maximization of the selling price for our sellers. Our main focus is the Southeastern United States with a hyper focus on Florida. Whenever we exclusively list a hotel in Florida – we expect huge buyer interest due to the large pool of buyers we have established, combined with the high demand for FL hotels. We generated over 15 deals on the Comfort Suites West Jacksonville – buyers from all parts of the country were interested in the deal. Ultimately, the buyers were Florida based hoteliers who knew the Jacksonville Marlet. Almost everyone seems to be very optimistic about the Jacksonville market and there is a lot of development going on throughout the region in residential and commercial space. We expect the new owners to be in a great position with this property. Hopper said.

“The Jacksonville MSA has proven to be one of the strongest markets in SE throughout Covid, which has allowed us to generate multiple bids and create a competitive bidding environment among buyers. . Investors appear to be aggressively seeking hotel acquisition opportunities in Florida despite the disruption caused by Covid and financing options still remain readily available. Besides, Jacksonville is one of the fastest growing markets over the past 20 years, currently ranked 12th largest city in the United States, and we believe buyers (SD Hospitality LLC) will be very successful, ”says Taylor.

About DSH Hotel Advisors www.DSHHotelAdvisors.com:

DSH Hotel Advisors is a national hotel brokerage and advisory firm based in Tampa, Florida. The firm exclusively represents investors seeking an acquisition or disposal of hotel assets throughout United States, with a regional concentration in the south-east. The company has deep-rooted relationships with key personnel in the hospitality industry, including independent and institutional investors, real estate and franchise lawyers, management companies, franchisors, contractors and lenders, which helps them helps provide a full range of services to their clients and ensure the best team is on the ground for each assignment. In addition to the extensive network of hotel buyers within the DSH Hotel Advisors network, the company also encourages collaboration with other brokerage firms with the aim of maximizing the sale price of each exclusively listed assignment.

Media contact:
Dennis S. Hopper, CCIM
813-605-1756
[email protected]

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SOURCE DSH Hotel Advisors


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