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Jacksonville Holiday Inn Express Is Sold

Monday, July 17, 2017
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ATLANTA—Hunter Hotel Advisors today that they represented a Virginiabased hotel group in the sale of the Holiday Inn Express & SuitesJacksonville South I-295, Fla. A regional investor purchased the hotel for $7.8million and plans to spend $1.2 million to upgrade the hotel that was built in2001 and fully renovated in 2014. Thenew owner was attracted to the potential upside of the high performing, strongcash flowing asset.

Trey Scott inHunter’s Jacksonville, Fla. office and, Shamir Patel in Hunter’s Orlando Fla.office worked together on the transaction. Hunter Hotel Advisors’ recent Floridatransactions include the sale of the Hampton Inn Busch Gardens, Hyatt PlaceSarasota, Springhill Suites Clearwater, Hampton Inn Melbourne, StaybridgeSuites St. Petersburg and the Holiday Inn University Pensacola.

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