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SpringHill Suites St. Petersburg Clearwater 3485 Ulmerton Rd 79 Room Hotel Clearwater, FL 33762 $9,750,000 ($123,418/Room)
INVESTMENT HIGHLIGHTS
- 79 Rooms
- Expected New Buyer PIP: Approximately $1.5M
- Within ~1.5 Miles from St. Pete–Clearwater International Airport
- 2006 Construction
- Property Is on a Ground Lease with St. Pete–Clearwater International Airport
- Within ~16 Miles from Downtown Tampa
EXECUTIVE SUMMARY
Cushman & Wakefield’s Hospitality Group has been retained to offer for sale the fee simple interest in the 79-room SpringHill Suites by Marriott, located in Clearwater, Florida. The property is a three-story, limited-service hotel directly off of Ulmerton Road and conveniently located near world-renowned beaches (Clearwater Beach, St. Pete Beach), top attractions like Tropicana Field and downtown St. Petersburg, major corporate offices, tech parks, and St. Pete–Clearwater International Airport. Additionally, the property presents the opportunity to operate a highly desirable flag within the rapidly growing Tampa - St. Petersburg - Clearwater MSA, known for its strong tourism, healthcare, defense, and finance sectors driving year-round demand. The SpringHill Suites St. Petersburg Clearwater offers investors the opportunity to acquire a 79-room, interior-corridor property in a highly established and growing market with value-add potential.
PROPERTY FACTS
| Price | $9,750,000 | Building Size | 52,265 SF |
| Price Per Room | $123,418 | No. Rooms | 79 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built | 2006 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | B | Parking Ratio | 1.4/1,000 SF |
| Lot Size | 1.86 AC | Corridor | Interior |
| Zoning | C-2 - General commercial uses like retail, hotels, offices, and service businesses. | ||
| Price | $9,750,000 |
| Price Per Room | $123,418 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.86 AC |
| Building Size | 52,265 SF |
| No. Rooms | 79 |
| No. Stories | 3 |
| Year Built | 2006 |
| Tenancy | Single |
| Parking Ratio | 1.4/1,000 SF |
| Corridor | Interior |
| Zoning | C-2 - General commercial uses like retail, hotels, offices, and service businesses. |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 79 | $169.00 | - |
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PROPERTY TAXES
| Parcel Number | 34-29-16-00110-000-0022 | Improvements Assessment | $5,706,044 |
| Land Assessment | $1,168,956 | Total Assessment | $6,875,000 |
PROPERTY TAXES
Parcel Number
34-29-16-00110-000-0022
Land Assessment
$1,168,956
Improvements Assessment
$5,706,044
Total Assessment
$6,875,000
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SpringHill Suites St. Petersburg Clearwater | 3485 Ulmerton Rd
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