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| Hampton Inn Tampa-Airport North, Tampa, FL |
TAMPA, FL – Marcus & Millichap (NYSE: MMI), a leading
commercial real estate investment services firm with offices throughout the
United States and Canada, has announced the sale of the five-story, 86-room Hampton
Inn Tampa-Airport North, according to Ari Ravi, regional manager of
the firm’s Tampa office. The hotel sold for $12.6 million, which equates to
$146,512 per room.
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| Jonathan Ruprai |
“There is a healthy appetite for upper-midscale hotels in Tampa,”
says Jonathan Ruprai, senior director of Marcus & Millichap’s
National Hospitality Group.
“Our marketing
campaign highlighted this asset’s premium brand, market and location and we
generated a remarkable amount of activity, which led to multiple offers in a
short amount of time.
" The
preeminent interested party, a Canadian-based investment group, seized the
opportunity to acquire the Hampton Inn by moving quickly and offering an
attractive price with strong terms, which ultimately positioned them to be the
winning bidder.”
Ruprai represented the seller and procured the buyer. The
hotel is situated seven miles from Tampa International Airport and surrounded
by more than 6 million square feet of office space in the North Tampa
submarket.
The Hampton Inn
was constructed in 2001, and recently went through the Forever Young Initiative
renovation on the interior.
CONTACT:
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Whitney Davis
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Marketing Coordinator
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