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Host Hotels Pays $214M for Don CeSar Resort on St Pete Beach (UPDATE)

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Host Hotels & Resorts LP acquired the Don CeSar Beach Resort at 3400 Gulf Blvd. in St. Pete Beach, FL for $ 214 million, or about $ 617,000 per room, from Prudential Insurance and minority partner Loews Corporation, which managed the asset. The Don CeSar will now be operated as an independent hotel and managed by Davidson Hotels & Resorts. Davidson is an industry leader with 43 hotels totaling 13,000 rooms and 1.4 million square feet of meeting…
Tampa/St. Petersburg Commercial Real Estate News From CoStar Group

Post Tagged with $214M, Beach, CeSar, Host, Hotels, Pays, Pete, Resort, Update

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