Tampa-based KMD Hospitality Management sold the Hampton Inn Tampa East (Casino Area) to Tampa-based Liberty Group. Berkadia negotiated the sale of the 74-room limited-service hotel property in Tampa. Associate Director Kyle Sahlsten of Berkadia Hotels & Hospitality led the transaction on behalf of the seller. Other terms and conditions were not disclosed.
“The Tampa East submarket and greater Tampa market remain extremely liquid and are generating significant investor interest,” said Sahlsten. “Zooming out, the entire I-4 corridor has garnered national interest in the wake of tangible population and job growth, major corporate relocations, and billions of both private and public investment, which has led to sustained RevPAR growth. Also, rising PIP and construction costs are at the top of investor’s minds, and this being a fully renovated, turn-key opportunity contributed to the success of this sale.”
The property has access to Downtown Tampa, anchor leisure venues, the cruise port and millions of square feet of office and industrial inventory. Hampton Inn Tampa East (Casino Area) was built in 2005 and has 74 guestrooms and was fully renovated in 2023.