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 •
For the past few years, the talk of The Lodging Conference in Phoenix had been focused on the economic recovery, solid industry projections and “cautious optimism.” With the word cautious no longer necessary, the economic outlook took a backseat this year to the seemingly unending parade of new lifestyle brands.