INVESTMENT HIGHLIGHTS

Hunter Hotel Advisors has been retained as the exclusive representative to solicit offers for the purchase of the 132-room, four-story Spark Sarasota Siesta Key Gateway (the “Hotel” or “Property”).

Ideally located just one mile from the shoreline, the Hotel is the closest Hilton, Marriott, Hyatt, or IHG-branded asset to world-renowned Siesta Key, consistently ranked the #1 Beach in the United States and #4 Beach in the World, drawing over 2.2 million visitors annually.

Following a comprehensive renovation, the Property rebranded on November 16, 2023 under the Spark by Hilton brand. The conversion included fully upgraded guestrooms, new FF&E, and extensive soft-cost improvements—resulting in a modern, turn-key operation with strong brand affiliation.

This offering presents a rare opportunity to acquire a recently renovated, $125+ RevPAR asset with highly profitable in-place operations, located in one of the most desirable and highest barrier-to-entry submarkets in the U.S. The recent repositioning provides a stabilized cash-flow profile with significant upside potential for a new owner.

• Irreplaceable Location – Closest Branded Hotel to Siesta Key: Just one mile from the beach, the Hotel benefits from 2.2M+ annual visitors and virtually no other institutional brand presence. Backed by Hilton’s global distribution and 210M Honors members, the Property enjoys outsized rate and occupancy advantages.
• Recently Renovated Hilton-Branded Asset: Rebranded in Nov 2023 after a comprehensive conversion renovation, including upgraded guestrooms, bathrooms, FF&E, and life-safety systems. Delivered as a modern, turn-key operation with nominal change of ownership improvements anticipated upon sale.
• High Barriers to Entry: Strict zoning, density caps, and entitlement hurdles make new hotel supply highly improbable.
• Strong, Growing Performance: With RevPAR and NOI having increased since conversion, there remains additional upside for a new owner to capitalize on recent renovations and drive further growth.
• Attractive Pricing: Offered below replacement cost in a high-growth market with substantial economic activity and visitor demand.
• Management Optionality: The Hotel is currently managed by Magna Hospitality Group and is available to be sold unencumbered.

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ABOUT HUNTER

Hunter Hotel Advisors is the leading investment advisory firm focused exclusively on the hotel industry. Their seasoned team of investment professionals and offices nationwide consistently provide clients with optimal results in hotel brokerage, financial advisory and capital markets services of any size or complexity. With over 45 years of experience in both full and select-service single assets as well as portfolio marketing, the firm’s capacity in valuation, economic analysis, and industry relationships has allowed HUNTER to consistently maximize value regardless of market conditions.

Hunter Hotel Advisors is the founder and producer of the well-known and respected Hunter Hotel Investment Conference. Since their first conference in 1989, they have had a consistent focus on producing an educational and networking format based on real estate and finance for hotel owners.