June 11, 2018 – DSH Hotel Advisors, a national hotel brokerage and advisory firm headquartered in Tampa, Florida – specialized solely in hotels – announced that Dennis Hopper, Managing Principal, closed on the Baymont Inn & Suites by Wyndham – Kissimmee, Florida on June 8th, 2018 for $4,750,000 – the full list price as offered to the marketplace. Mr. Hopper represented the seller, Maingate East Development, Inc. The buyer, J.E. System Service Corp. a Florida corporation, was represented by George Jimenez, President of Multifamily Real Estate Group Inc.
“We generated a significant number of offers on the Baymont from local, regional, national, and international buyers – ultimately, we sold the property at the full list price. The Kissimmeemarket has greatly improved over the last few years and has a positive outlook for hoteliers – we anticipate several other hotels trading in the immediate area due to the healthy market conditions and strong buyer demand,” says Hopper.
“The acquisition of the Baymont Inn & Suites by Wyndham – Kissimmee, Florida by J.E. System Service Corp was the culmination of a one-year project, where we as brokers had the opportunity to work hand in hand with our client on his disposition of a 26-room motel in Miami, FL and leverage up by investing in this 130-room flagged Hotel. As a firm we strongly believe in the strength of markets like Kissimmee, and when it fits our clients we advise for reposition of equities in such markets…,” says Jimenez.