Saint Hotel & Land Parcels 5 Properties Offered at $10,500,000 in Saint Pete Beach, FL

The Hotel Division Brokerage Team of John Burpee & Troy Weintraub is proud to present the Saint Hotel located at 7201 Sunset Way St. Pete Beach, Florida, 33706 for your review.
The Saint Hotel & 82 Degrees Restaurant/Bar presents a rare opportunity to acquire a fully renovated, boutique hospitality asset located in the highly desirable beachside submarket of St. Pete Beach, Florida. Positioned just steps from the Gulf of Mexico, this turnkey asset combines a lifestyle-driven hotel concept with a high-performing food and beverage component, creating multiple revenue streams and strong guest appeal.
The property consists of a two-story boutique hotel with a total of 21 keys, of which 19 are currently operational, totaling approximately 13,598 SF of net rentable area, situated on a combined 0.92-acre site (40,075 SF) spanning multiple parcels. The asset underwent a complete renovation in 2021, including full FF&E replacement, modernization of guest rooms, and the addition of a full-service restaurant and outdoor bar.
Property Specifications
• 21 total keys | 19 currently operational
• ±13,598 SF building
• ±0.92 Acres (40,075 SF across five parcels)
• Built 1949 | Fully Renovated 2021
• Two-story construction with pool, lobby, elevator
• On-site restaurant (82 Degrees) with outdoor bar
• Excess land included for future development or parking
Property Highlights
• Turnkey boutique hospitality asset with modern finishes
• Dual revenue streams: hotel + restaurant/bar
• Prime beach area location within walking distance to Gulf
• Recently renovated with strong branding and positioning
• Lifestyle-driven amenities including pool and outdoor seating
• Limited small-key, lifestyle-driven boutique competition in submarket

Development Opportunity
• By-right development potential confirmed with City of St. Pete Beach
• Land use attorneys engaged with written confirmations from city officials
• City supportive of redevelopment and future improvements
• Excess land allows for condo/multifamily development (approx. 12 units)
• Ability to proceed directly into design development phase
• Potential for rooftop activation and expanded mixed-use concept
• Potential to redevelop and expand the hotel to approximately 42 keys
Hurricane Impact & Operational Overview (2024–2025)
The property experienced its most significant impact during Hurricane Helene in September 2024, where storm surge caused substantial damage. As a result, the property was fully and/or partially closed for approximately six months during restoration. Despite this temporary disruption, the asset remains structurally sound and positioned for continued operation and growth.
The business is supported by an experienced management team including a General Manager and dedicated leadership across hotel and food & beverage operations. The operating model benefits from a flexible cost structure with a majority of payroll tied to hourly restaurant staff.
Submarket Highlights – St. Pete Beach / Tampa MSA
• Located in one of Florida’s most desirable beachfront markets
• Strong tourism demand driving occupancy and ADR growth
• High barriers to entry due to limited land and zoning restrictions
• Population growth and above-average household incomes
• Close proximity to Tampa International Airport and major infrastructure
• Continued redevelopment and economic expansion in the region


Investment Thesis
The Saint Hotel represents a unique opportunity to acquire a boutique hospitality asset with immediate income potential and significant upside. Investors can capitalize on post-recovery operational ramp-up while executing a clearly defined development strategy—including potential expansion to approximately 42 hotel keys and development of 12 condo/multifamily units—that has already been vetted at the municipal level. The combination of strong location, diversified revenue streams, and by-right development potential positions this asset as a compelling long-term investment in one of Florida’s most supply-constrained coastal markets.