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10221 Princess Palm AveTampa, FL 33610
Sheraton Tampa Brandon Hotel
Asset ClassHotel & Hospitality
HREC Investment Advisors is pleased to present the opportunity to acquire the fee-simple interest in the 266-key Sheraton Tampa Brandon Hotel, located at 10221 Princess Palm Ave, Tampa, FL 33610.

Overview

Located immediately off I-75 and approximately two miles south of the I-4/I-75 interchange, the Hotel is positioned within East Tampa’s Sabal Park business district and approximately 15 minutes from Downtown Tampa.

 

Ownership invested roughly $11.6M between 2022 and 2026. This total includes a $9.5M PIP that took place between 2023 and 2025. This full-service Hotel features 25,074 square feet of meeting and event space, two recently renovated food-and-beverage outlets, an outdoor pool and a fitness center.

Investment Highlights

Consistent In-Place Cash Flows with Upside Potential - This property has demonstrated consistent, reliable cash flows above $1.7M for the past two years and most recent trailing-12. These cash flows reflect a period of renovation and federal workforce disruption, including DOGE-related reductions and government shutdown activity. A new Owner gets to reap the benefits of the Property's post-renovation cash flows and normalized operations.

 

Recently Renovated Product - The Sheraton underwent an extensive $9.5M renovation from 2023 to 2025 and is still ramping up operationally.

 

Just 15 Minutes from Downtown Tampa - Situated 15 minutes east of downtown, the Hotel has easy access to the city’s most famous attractions. These include Busch Gardens, the Florida Aquarium, the Tampa Zoo, Benchmark International Arena, and the Tampa Riverwalk.

 

Surrounded by Stable Demand Generators - Within a five-mile radius, major employers such as USAA, Citigroup, JPMorgan Chase, Coca-Cola, Progressive Insurance, Spectrum, and Rooms To Go collectively employ more than 10,000 professionals, generating steady weekday business travel demand.

 

Highly Accessible Location with Visibility from I-75 - The Property is positioned off the intersection of SR-60 and I-75. SR-60 connects the Hotel to downtown Tampa and St. Petersburg, while I-75, the longest Interstate in Florida, serves as a major north-south corridor. I-75 is a vital link in the transportation network for the Tampa Bay region, connecting the Property to the rest of the state and the nation.

 

Offered Unencumbered by Management - The hotel is being offered unencumbered by a management agreement. An investor possesses the opportunity to bring in a new management company or to act as an owner/operator and seek to revamp the operational strategies of the Hotel, implement strategic cost control initiatives, and employ more aggressive yield management strategies.

 

Fee Simple - The Sheraton is being offered fee simple.

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10221 Princess Palm AveTampa, FL 33610

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