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Florida & Gulf Coast  + Hospitality  |  February 3, 2021
David Cohen
By: David Cohen

JV Snags Two-Property Florida Resort Portfolio

A joint venture between Lubert-Adler Real Estate Funds and Hersha Hospitality Management has acquired a two-property hotel and resort portfolio in St. Petersburg and Islamorada, FL. The sales price was not disclosed.

The portfolio consists of the 227-room Hilton St. Petersburg Carillon Park in St. Petersburg and the 139-key, 24-acre, Islander Resort in Islamorada.

Lou Plasencia, Robert Wiemer, Nick Plasencia and Chris Plasencia of The Plasencia Group represented the seller, Hobbs & Curry Family Limited Partnership, in the transaction.

“Completing complex transactions during the COVID-19 pandemic takes creativity and perseverance. We commend our client and the purchaser for their collaborative efforts while patiently navigating through this environment,” said Chris Plasencia.

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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