TAMPA, Florida., August 15, 2022 /PRNewswire/ — DSH Hotel Advisors, a national hotel brokerage and advisory firm headquartered in Tampa, Florida – specializing solely in the sale of hotel investments – announced that Dennis S. HopperCCIM, Managing Principal of the firm, and Randy B. TaylorVice President of Investments, arranged the sale of the award-winning 68-room Microtel Inn & Suites by Wyndham Spring Hill/Weeki Wachee for a price not disclosed on August 8e2022. DSH Hotel Advisors represented the seller, S&R Hospitality LLC, and the buyer, Evolve Hospitality LLC.
DSH Hotel Advisors maintained the exclusive listing with the seller, generating over 200 signed NDAs from qualified buyers and receiving over 20 bids from buyers nationwide.
“We were able to leverage our large network of hotel investors and maximize the sale price of the hotel. Generating more than 20 offers is a great signal that I). our team has a significant market presence for this asset class ii.) this hotel acquisition opportunity was very attractive for investors, and iii.) the Florida The hotel market is healthy with significant capital ready to be invested in the purchase of hotel assets,” says Hopper.
“The sale of the Microtel Inn & Suites Weeki Wachee/spring hill presents an incredible opportunity for the Buyer to acquire a newly renovated hotel in a Florida market. Thanks to our marketing efforts, we received a high level of interest from buyers all over the United States, and within a short period of time, we provided several offers for the seller to choose from. spring hill continues to grow along with Tampa Bay and we’re confident buyers will find huge success there,” Taylor says.
The Microtel Inn & Suites by Wyndham Spring Hill/Weeki Wachee proudly boasts TripAdvisor’s Traveller’s Choice 2021 award. Additionally, the Microtel Inn & Suites by Wyndham Spring Hill/Weeki Wachee has earned the distinctive distinction of “Best of Microtel”, a designation awarded exclusively to an elite group of Microtel hotels on an annual basis, and is based on brand quality, customer satisfaction and customer support. Wyndham Rewards members.
DSH Hotel Advisors is a national hotel brokerage and advisory firm based in Tampa, Florida. The firm exclusively represents hotel investors looking for an acquisition or sale of hotel assets through United States, with a regional focus in the southeast. The company has deep-rooted relationships with key hospitality industry personnel, including independent and institutional investors, real estate and franchise attorneys, management companies, franchisors, contractors and lenders, allowing them to offer a full range of services to their clients and ensure the best team is on the ground for each assignment.
SOURCE DSH Hotel Advisors