DSH Hotel Advisors, a national hotel brokerage and advisory firm headquartered in Tampa, Florida – specialized solely in hotels – announced that Dennis Hopper, Managing Principal, closed on the sale of Baymont Inn & Suites by Wyndham – Celebration, Florida, on January 4th, 2019. Mr. Hopper brokered the transaction between the buyer, 7601 Black Lake Rd, LLC and the seller, CC, LLC, a Florida based company.
"The Baymont Inn & Suites Celebration is located right next to Disney's Animal Kingdom Theme Park – a high barrier-to-entry location that attracted both nationally and internationally based buyers to the deal. The hotel is comprised of 295 rooms, conference space, restaurant space, and a large lobby area – the new owner intends to renovate the property and further increase their market share.
"We're flooded with buyers seeking hotel investment opportunities throughout the country - especially in the Orlando, Tampa, and Jacksonville MSAs. Even with the increase in interest rates and new hotel supply added throughout most major markets, we continue to see a high level of interest on every hotel deal that we bring to market for sale. The market remains strong from our perspective," says Hopper.
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