2595 54th Ave N, St. Petersburg, FL 33714

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.