2 Locations

The Saint Hotel & 82 Degrees Restaurant/Bar presents a rare opportunity to acquire a fully renovated, boutique hospitality asset located in the highly desirable beachside submarket of St. Pete Beach, Florida. Positioned just steps from the Gulf of Mexico, this turnkey asset combines a lifestyle-driven hotel concept with a high-performing food and beverage component, creating multiple revenue streams and strong guest appeal.The property consists of a two-story boutique hotel with a total of 21 keys, of which 19 are currently operational, totaling approximately 13,598 SF of net rentable area, situated on a combined 0.92-acre site (40,075 SF) spanning multiple parcels. The asset underwent a complete renovation in 2021, including full FF&E replacement, modernization of guest rooms, and the addition of a full-service restaurant and outdoor bar.

Property Specifications

•21 total keys | 19 currently operational

•±13,598 SF building

•±0.92 Acres (40,075 SF across five parcels)

•Built 1949 | Fully Renovated 2021

•Two-story construction with pool, lobby, elevator

•On-site restaurant (82 Degrees) with outdoor bar

•Excess land included for future development or parking

Property Highlights

•Turnkey boutique hospitality asset with modern finishes

•Dual revenue streams: hotel + restaurant/bar

•Prime beach area location within walking distance to Gulf

•Recently renovated with strong branding and positioning

•Lifestyle-driven amenities including pool and outdoor seating

•Limited small-key, lifestyle-driven boutique competition in submarket

Development Opportunity

•By-right development potential confirmed with City of St. Pete Beach

•Land use attorneys engaged with written confirmations from city officials

•City supportive of redevelopment and future improvements

•Excess land allows for condo/multifamily development (approx. 13 units)

•Ability to proceed directly into design development phase

•Potential for rooftop activation and expanded mixed-use concept

•Potential to redevelop and expand the hotel to approximately 44 keys

The business is supported by an experienced management team including a General Manager and dedicated leadership across hotel and food & beverage operations. The operating model benefits from a flexible cost structure with a majority of payroll tied to hourly restaurant staff.

Submarket Highlights – St. Pete Beach / Tampa MSA

•Located in one of Florida’s most desirable beachfront markets

•Strong tourism demand driving occupancy and ADR growth

•High barriers to entry due to limited land and zoning restrictions

•Population growth and above-average household incomes

•Continued redevelopment and economic expansion in the region

Investment Thesis

The Saint Hotel represents a unique opportunity to acquire a boutique hospitality asset with immediate income potential and significant upside. Investors can capitalize on post-recovery operational ramp-up while executing a clearly defined development strategy—including potential expansion to approximately 44 hotel keys and development of 13 condo/multifamily units—that has already been vetted at the municipal level. The combination of strong location, diversified revenue streams, and by-right development potential positions this asset as a compelling long-term investment in one of Florida’s most supply-constrained coastal markets.