Overview
Goodwin Advisors is pleased to offer an exclusive opportunity to acquire the fee simple interest in the 15-room Inn on the Beach St. Pete Beach (“The Property” or “Hotel”).
The Property, located at 1401 Gulf Way, St. Pete Beach, FL is one of the most sought-after hotels in the exclusive Pass-a-Grille Beach neighborhood. The neighborhood consists of direct access to the beach, vibrant restaurants, and high barrier to entry short-term rentals.
The property consists of approximately 12,260 square feet. 12 rooms are located on a 7,260 square feet parcel, and an adjacent parcel consisting of 3 large full furnished suites consists of 5,000 square feet. The hotel has available on-site parking for its guests as the area is frequented by tourists and locals alike.
The Property presents an amazing opportunity to acquire a recently renovated, well-maintained asset in a superb lodging market.
Prospective buyers will have the ability to capitalize on the Hotel’s tremendous location.
Investment Highlights
Property Highlights:
- Beachfront property with direct views of the Gulf of Mexico
- 15 spacious and renovated units including kitchenettes and full kitchens
- Ranked #1 of 32 hotels in St. Pete Beach according to TripAdvisor
- Located in Pass-a-Grille - an extremely high barrier-to-entry market
Location Highlights:
- Located at the southern point of St. Pete Beach and consistently ranked as one of the best beaches in the world
- Pass-a-Grille is a barrier island with very limited availability to add more hotel rooms
- Located 10 miles from Downtown St. Petersburg | 30 Miles from Downtown Tampa
- Multiple attractions in the area including world-class fishing, diving, boating, 8th Avenue Shopping District, boat trips to various islands nearby and close proximity to Busch Gardens, downtown Tampa and St. Petersburg
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Sales Team
