March 3, 2020 – DSH Hotel Advisors, a national hotel brokerage and advisory firm headquartered in Tampa, Florida – specialized solely in hotels – announced that Dennis Hopper, Managing Principal, and Randy Taylor, Investment Associate, closed on the Microtel Inn & Suites by Wyndham – Zephyrhills, Florida on February 28th, 2020 for $4,000,000. Mr. Hopper and Mr. Taylor represented the buyer, Blueturn LLC and the seller, Nilkanth Hotel LLC.
The sale represents another successful hotel transaction in Florida for DSH Hotel Advisors – a hotel brokerage firm that has gained significant market share in recent years – with more active and exclusively listed hotels in Florida than most hotel brokerage firms in the U.S.
“While the hotel appears to be in great condition, the buyers intend to further improve the property in an effort to boost property performance and value. The Microtel Inn & Suites is well positioned within the city of Zephyrhills, a fast-growing suburb of Tampa, and investor demand seems to be at an all-time high for hotel assets in the Tampa Bay MSA. Buyers that are both nationally and internationally based continue to keep a close eye on the Tampa market in hopes of finding hotel investment opportunities – this is widely due to the unique and diverse demand generators coupled with the high level of growth that the area offers,” says Hopper.