Bayboro Hoteliers Sells Hotel in Saint Petersburg
Bayboro Hoteliers LLC sold the 119-room Staybridge Suites hotel at 940 5th Ave. S in Saint Petersburg, FL to Procaccianti Group for $ 20.5 million, or approximately $ 172,000 per room. The 76,999-square-foot hotel totals five stories and is situated in the South Pinellas submarket. Robert Taylor of Hunter Hotel Advisors represented the seller. Please see CoStar COMPS #3945929 for more information on this transaction.
Tampa/St. Petersburg Commercial Real Estate News From CoStar Group