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Florida & Gulf Coast  + Central Florida  + Hospitality  |  February 4, 2020
David Cohen
By: David Cohen

Hampton Inn & Suites Tampa Trades for $13M

Marcus & Millichap’s National Hospitality Group in Miami has arranged the $13 million sale of the Hampton Inn & Suites Tampa, an 84-room hotel near Busch Gardens and Adventure Island in Tampa.

Located at 3333 Busch Blvd., the hotel sits on a more than two-acre parcel and was built in 2017. Ahmed Kabani of Marcus & Millichap represented the undisclosed buyer in the transaction. The seller was Tampa Rollercoaster Hotels LLC. Additionally, Robert Bhat of Marcus & Millichap Capital Corp. secured a $9.7 million acquisition loan with an interest rate of 4.5% and 25-year amortization on behalf of the buyer.

“Located in a market with limited competition, this hotel has demonstrated the ability to generate consistent revenues,” said Bhat, first vice president of capital markets at Marcus & Millichap. “The buyer has experience with hospitality assets and sees an upside opportunity with management.”

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For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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