 |
| Hampton Inn Daytona Beach/Beachfront Hotel, 1024 North Atlanta Avenue, Daytona Beach, FL (Photo by Troy Morgan) |
ORLANDO, FL –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of the Hampton Inn Daytona Beach/Beachfront, a
90-room, select-service beachfront hotel in Daytona Beach, Florida
HFF marketed the property
on behalf of the seller, Humphrey Realty Corp.
Driftwood Acquisitions & Development LP, an affiliate of the hotel
management company Driftwood Hospitality Management, LLC, purchased the asset
free and clear of debt and unencumbered of management.
 |
| Alexandra Lalos |
The hotel features a
heated outdoor pool with pool bar, pool deck, whirlpool, fire pit and
children’s splash pad; fitness center that overlooks the pool deck and Atlantic
Ocean; business center; on-site convenience store; and 266 square feet of
meeting space.
Located at 1024 North Atlantic Avenue, Hampton Inn
Daytona Beach/Beachfront is directly on the sand of Daytona Beach, one of the
most frequently visited coastal destinations on the East Coast.
 |
| Preston Reid |
The HFF investment sales
team representing the seller was led by associate directors Preston Reid and Alexandra Lalos and senior managing director Michael Weinberg.
“The seller executed a
fantastic overhaul to this hotel, converting it from a capital-starved
independent hotel to one of the most powerful brands around in the Hampton Inn
by Hilton,” Weinberg said. “This made it
very desirable to a competitive field of buyers.”
"There continues to
be a significant amount of equity and debt capital available for
premium-branded, select-service assets in Florida, especially in high growth
markets like Daytona Beach," Reid added.
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Director, Public Relations
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 |
Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
.
No comments:
Post a Comment