MIG Real Estate Acquires HGI in Tampa
Wednesday April 10th, 2013 - 10:02AM H
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NEWPORT BEACH, CA—MIG Real Estate, LLC, based here, has acquired the Hilton Garden Inn Tampa East/Brandon.
This is the company’s fourth hotel acquisition in Florida and increases its overall hotel portfolio to 11 properties.
Hodges Ward Elliot represented the seller in the transaction and MIG Real Estate represented itself. The property is being operated by Raleigh-based Concord Hospitality Enterprises.
Built in 2002, the 152-room hotel features roughly 4,500 sq. ft. of flexible indoor and outdoor meeting space, an outdoor swimming pool, an exercise room, a business center, a restaurant and guest laundry.
All guestrooms include a 37-in. flat-screen television, refrigerator, microwave, coffee maker, complimentary high-speed Internet access with remote printing capability, a work desk with adjustable lighting and an ergonomic chair.
The property is situated in the Highland Oaks business park, adjacent to an Interstate 75 off-ramp and approximately 18 miles east of the Tampa International Airport.
Tags: • Hospitality • Ownership •
The theme of this year’s ALIS conference was “Don’t Worry, Be Happy.” But, lets face it, there are always going to be some people who aren’t happy unless they are worried about something—whether it’s the Fed potentially raising interest rates or that the price of oil is now too low, threatening to cripple the economies of some foreign nations.