Wednesday, March 15, 2017

HFF closes on sale of SpringHill Suites hotel in Gainesville, FL

Springhill Suites Gainesville, Gainesville, FL 

TAMPA, FL, March 15, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of SpringHill Suites Gainesville, a 126-room, select-service, Marriott-branded all-suite hotel in the central Florida community of Gainesville.

HFF marketed the property on behalf of the seller, a partnership between Whitman Peterson and Sage Hospitality. Scarlett Hotel Group purchased the asset free and clear of debt.

Daniel C. Peek
SpringHill Suites Gainesville is a Florida Green Lodging-certified property that was the recipient of a 2016 TripAdvisor Certificate of Excellence. 

Completed in 2007, the hotel underwent significant renovations in 2015 that upgraded the guestrooms and public spaces.

 The four-story hotel features an outdoor pool, 600 square feet of meeting space, fitness center and complimentary hot breakfast.

Situated on 2.4 acres at 4155 Southwest 40th Boulevard, SpringHill Suites Gainesville is located just off Interstate 75 and Archer Road at the “front door” to the University of Florida and downtown Gainesville, which are northeast of the property.

 Additionally, the hotel is in the heart of Gainesville’s busiest retail corridor and near two major projects currently underway, the 225-acre mixed-use Celebration Pointe and the one million-square-foot doubling of Butler Plaza, Florida’s largest power center.

Preston Reid
The HFF investment sales team representing the seller was led by senior managing director and head of HFF’s hotel group Daniel C. Peek, senior managing director Michael Weinberg and associate director Preston Reid.

“The SpringHill Suites Gainesville received a tremendous amount of interest from the investment community, highlighting the desirability of owning a premium-branded, select-service hotel in a dynamic university market like Gainesville,” Reid said.

  For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Specialist
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |

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