Overview
Kabani Hotel Group, as the exclusive representative of the seller, is pleased to present the 129-room Holiday Inn St. Petersburg West. Built in 2000, the property offers investors the opportunity to acquire a full-service, concrete-constructed hospitality asset in a central St. Petersburg location.
The hotel is prominently positioned along 34th Street North (U.S. Highway 19; 36,500+ AADT), with convenient connectivity to I-275 and the broader Tampa Bay metropolitan area. The property is located just 0.5 miles from the Grand Central and EDGE Districts, 3.7 miles from Downtown St. Petersburg, and within convenient driving distance of the St. Petersburg waterfront, major medical facilities, Gulf Coast beaches, and both regional airports.
The property has demonstrated consistent revenue performance across recent operating periods, while the anticipated PIP scope is expected to be limited. The hotel previously operated as a Hampton Inn before converting to a Holiday Inn, providing additional brand flexibility and future repositioning potential. Its full-service amenities, durable concrete construction, and large 3.42-acre site provide a strong physical foundation for continued operations and future value creation.
Investment Highlights
PROPERTY HIGHLIGHTS
- Assumable Debt | Existing $15.4 million CMBS loan at a fixed interest rate of 7.58%, maturing in October 2030.
- Consistent Revenue Performance | The property generated more than $4.9 million in total revenue in both 2024 and 2025
- Strategic Commercial Corridor | Prominently positioned along 34th Street N (US Highway 19, 36,500+ AADT) with direct connectivity to I-275, serving as a primary north-south artery connecting central St. Petersburg to the broader Tampa Bay metropolitan area.
- Central County Positioning | Located approximately 3 miles from Downtown St. Petersburg and within convenient driving distance of St. Pete Beach, Madeira Beach, and other Gulf Coast destinations, supporting a diverse mix of corporate, healthcare, sports, and leisure demand.
- Full-Service Building Profile | Built in 2000, the 129-key Holiday Inn features durable concrete construction, interior corridors, on-site food and beverage facilities, dedicated meeting space, and a resort-style outdoor pool.
LOCATION HIGHLIGHTS
- Adjacent – U.S. Highway 19/ 34th St N (36,500+ AADT)
- 0.5 Miles – Grand Central & EDGE Districts
- 2.6 Miles – Tropicana Field (Tampa Bay Rays)
- 3.7 Miles – Downtown St. Petersburg Waterfront District
- 3.9 Miles – St. Pete Innovation District / Medical Center
- 5.2 Miles – The Salvador Dalí Museum
- 6.2 Miles – Gateway Business Center
- 6.4 Miles – St. Pete Beach & Pass-a-Grille
- 9.1 Miles – Madeira Beach
- 11.4 Miles – St. Pete–Clearwater International Airport (PIE)
- 11.8 Miles – Fort De Soto Park & Preserves
- 18.5 Miles – Tampa International Airport (TPA)
Photo Gallery
