TAMPA, Florida, Dec 3 2021 / PRNewswire / – DSH Hotel Advisors, a leading hotel brokerage and advisory firm headquartered in Tampa, Florida – specialized only in the hotel industry – announced that Dennis hopper, CCIM, Managing Director and Randy Taylor, Vice-President Investments of the private firm at the Quality Inn by Choice Hotels in Palm bay, FL enabled 22 November 2021 for $ 6,500,000. Mr. Hopper and Mr. Taylor represented the Buyer, S 4 Global Investments, and the Seller, Palm Bay Hotel Venture, LLC. The Quality Inn, Palm bay is a 67-room hotel located directly off Palm Bay Drive NW, approximately one mile from I-95 and 9 miles from Melbourne Beach – positioned in a high growth zone within Palm bay/Melbourne. DSH Hotel Advisors was responsible for negotiating the sale of the property – adding another Florida hotel transaction to their vast experience.
“At the moment, we are experiencing an increased demand for hotels in Florida that we have seen for a long time. As a result, our extensive network of hotel investors has grown significantly over the past 9 months. Covid disrupted the market until about March of this year – and since March the market has really heated up. Financing is readily available and offered on attractive terms, buyers have abundant liquidity, and both buyers and sellers benefit from favorable market conditions. It was a pleasure working with the seller, the buyer, Ten-X and everyone involved in this transaction. It was a great opportunity for the buyer while providing a very healthy selling price for the seller, ”says Hopper.
“We have encountered great interest in this property from buyers across the United States and internationally. Through our combined marketing efforts at Ten-X, we have generated over 400 signed confidentiality agreements in 7 weeks which helped create a competitive bidding environment between buyers and allowed us to maximize the selling price for the seller. Florida is experiencing significant growth making this a unique acquisition opportunity for buyers (S 4 Global Investments) – we think they are going to be very successful, ”said Taylor.
About DSH Hotel Advisors www.DSHHotelAdvisors.com:
DSH Hotel Advisors is a national hotel brokerage and advisory firm based in Tampa, Florida. The firm exclusively represents investors seeking an acquisition or disposal of hotel assets throughout United States, with a regional concentration in the south-east. The company has deep-rooted relationships with key personnel in the hospitality industry, including independent and institutional investors, real estate and franchise lawyers, management companies, franchisors, contractors and lenders, which provides them with helps provide a full range of services to their clients and ensure the best team is on the ground for each assignment. In addition to the extensive network of hotel buyers within the DSH Hotel Advisors network, the company also encourages collaboration with other brokerage firms with the aim of maximizing the sale price of each exclusively listed engagement.
SOURCE DSH Hotel Advisors