Miami Based GLT Group Brokerage Arranges $7.55 Million Sale of Former Hampton Inn Hotel in Clearwater, FL

Former Hampton Inn Hotel, 21030 US Highway 19 North
 Clearwater FL 

MIAMI, FL  — Former Hampton Inn located in Clearwater Central on US Highway 19 was sold in an off market deal for $7.55M. The price equates to roughly $42,415 per key. 

Miami Brickell based GLT Group Brokerage represented the Seller and procured a buyer, an out of state high net worth private individual.

The 178 room hotel is well located on US 19 North between Gulf to Bay Blvd and Drew Street near Clearwater Spectrum Field, the home for the Philadelphia Phillies' Spring Training games (The Phillies have been training in Clearwater, Florida since 1948). 

Also nearby are St. Petersburg College and the Clearwater Mall, a SuperTarget & Costco-anchored center with top national retailers. 

Sean Shahar A. Ziv

The new owner is planning to renovate and rebrand the hotel.

“The demand for well-positioned hotels in the Clearwater area is strong with positive outlook” says Sean Shahar A. Ziv, President of The GLT Group LLC.

GLT Group Brokerage is the brokerage arm of The GLT Group LLC an advisory and investment firm specializing in diversified real estate investments and related strategies. 

The GLT Group focuses on all forms of commercial real estate and commercial real estate debt and finance. Together with its strategic affiliates worldwide, The GLT Group continues to pursue opportunities throughout North America.

For more information, please visit The GLT Group online at www.thegltgroup.com.

CONTACT:

 Ran Ziv

Office: 444 Brickell Avenue Suite #730

rziv@thegltgroup.com

+1 (786) 860-5982