2595 54TH AVE N St Petersburg FL 33714-1973

OFFERING OVERVIEW:

DSH Hotel Advisors has been retained as the exclusive broker to market for sale the Quality Inn St.​ Petersburg North, a 120-room hotel located just off Interstate 275.​ Of the total 120 rooms, 106 are currently operational.​ The property sits on approximately 2.38+/- acres, conveniently located about 5 miles from Downtown St.​ Petersburg and 10 miles from St.​ Pete Beach.​ The hotel benefits from close proximity to a wide range of corporate, leisure, and medical demand generators.​ This offering represents a rare opportunity to acquire a recently renovated, well-performing hotel within the highly sought-after Tampa–St.​ Petersburg–Clearwater MSA, one of Florida’s most dynamic and resilient lodging markets.​

PROPERTY OVERVIEW:

The subject property remains in good condition, supported by recent renovations and an ongoing capital improvement plan.​ A change of-ownership Property Improvement Plan (PIP) is estimated to cost approximately $50,000+/-, though this figure is only a preliminary estimate.​ *The actual PIP requirements must be verified directly with Choice Hotels, as they are determined solely at the franchisor’s discretion and may vary in both scope and cost.​ This includes, without limitation, any franchisor requirements related to a change of ownership.​ The Recipient is solely responsible for independently verifying all such matters.​ It is estimated that the current owners spent approximately $4,000,000+/- in construction plus an additional $1,000,000+/- in improvements and FF&E.​ The hotel was closed from November 2019 until April 2021 during the renovation/conversion process.​

MARKET OVERVIEW:

The Tampa–St.​ Petersburg–Clearwater MSA supports a robust and diversified hospitality market.​ Anchored by sectors such as healthcare, finance, technology, professional services, and defense (e.​g.​ MacDill Air Force Base), its employment base provides consistent base demand.​ The tourism engine is significant: in fiscal year 2023, the region welcomed over 26.7 million visitors and generated nearly $1 billion in taxable hotel revenue in Hillsborough County alone.​ Access is strong: Tampa International Airport (TPA) handled ~23.9 million passengers in 2023, indicating healthy air connectivity.​ St.​ Pete–Clearwater International (PIE) and Albert Whitted (for general aviation) supplement regional access.​ The region’s performance reflects both a steady base of corporate and institutional demand plus growing success in driving leisure, convention, and event-based visitation.​

STABILIZED INVESTMENT:

The Quality Inn by Choice Hotels presents a stabilized, turn-key investment with strong in-place revenues and a proven operational foundation.​ A new owner can further enhance performance through strategic ADR growth, optimized expense management, and continued focus on revenue diversification.​ The property combines recent renovations with long-term upside potential, offering an attractive balance of stability and growth opportunity.​

Property Highlights:

• ​Quality Inn by Choice Hotel
• ​120-Rooms (106 Rooms Operational) | 1 Story | 3 Buildings | Exterior Corridor
• ​Excellent Location on 54th Avenue North, St. Petersburg, FL
• ​Comprised of King Rooms and Double Rooms
• ​2021 Renovations Encompassed All Areas of the Hotel, Electrical, Plumbing, and Roof
• ​Surrounded by Multiple World Class Demand Generators
• ​Amenities: 100% Smoke Free, Pet-friendly, Outdoor Pool, Exercise Room, Sundry Shop, Bus/Truck Parking, Laundry, Meeting Room, Business Center

Location Highlights:

• ​Located in St. Petersburg, FL within Tampa Bay MSA
• ​#1 Rated Beach in the United States in 2021 – Per TripAdvisor
• ​4.5 Miles from Tropicana Field
• ​5.1 Miles from Downtown St. Petersburg
• ​8.3 Miles from St Pete/Clearwater Airport
• ​9.8 Miles from St. Pete Beach
• ​17 Miles from Tampa International Airport
• ​18.1 Miles from Clearwater Beach
• ​Significant Room Demand as a Result of Sporting Events, Beaches, Downtown Attractions, St. Pete-Clearwater International Airport and Tampa International Airport
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Financial Highlights:

• ​List Price of $8,500,000
• ​YE 2025: $93.17 ADR / $67.92 RevPAR / 72.90% OCC
• ​Room Revenues Calculated on 106 Keys
• ​Stabilized Investment

Kabani Hotel Group, as an exclusive representative of the seller, is pleased to present for sale the Quality Inn Saint Petersburg North-Tampa Bay. The subject property is a 112-room exterior corridor hotel, built in 1973, with a lot size of 2.38 acres. This property was fully gutted in 2021 which costed ownership over $4.5 million. Strategically positioned near the high-traffic intersection of Haines Rd (13,500 AADT) and 54th Ave (21,000 AADT), the property also benefits from immediate access to an I-275 exit (160,000 AADT). Major demand generators include Tropicana Field, St. Pete Beach, St. Pete–Clearwater International Airport, The Dalí Museum, Orlando Health Bayfront Hospital, and The Museum of Fine Arts.

Call-for-offers deadline: April 03, 2025

PROPERTY HIGHLIGHTS
• 112 - Rooms - Exterior Corridor
• Situated On 2.38 +/- Acres
• Year Built - 1973 - Concrete Building
• Near Haines Rd (13,500 AADT), 54th Ave (21,000 AADT), and I-275 exit (160,000 AADT)
• Recent $4.5 Million Gut Renovation - 2021
• New Plumbing, Electrical, Fire Panels, & FF&E
• New Pitched Roof And Concrete Build Unaffected By Hurricane Milton
• RevPAR Rank: 4 Of 5 In 2024, 3 Of 5 In 2022 And 2023

FINANCIAL HIGHLIGHTS
• 2025.01 TTM Room Revenue of $2,711,907
• 2024 Room Revenue of $2,453,702
• 2023 Room Revenue of $2,014,513
• 2025.01 TTM ADR / Occupancy / RevPAR of $98.45 / 68.91% / $67.85
• 2024 ADR / Occupancy / RevPAR of $93.56 / 65.70% / $61.47
• 2023 ADR / Occupancy / RevPAR of $84.16 / 60.9% / $51.26

LOCATION HIGHLIGHTS
• 4.4 Miles to Tropicana Field
• 5.1 Miles to The Museum of Fine Arts
• 5.2 Miles to Orlando Health Bayfront Hospital
• 5.3 Miles to St. Pete Pier
• 5.7 Miles to The Dalí Museum
• 6.4 Miles to Weedon Island Preserve
• 8.0 Miles to St. Pete–Clearwater International Airport
• 9.7 Miles to St. Pete Beach