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HFF Closes on Sale of SpringHill Suites in Gainesville, FL

TAMPA, FL—Holliday Fenoglio Fowler L.P. (HFF) has closed the sale of SpringHill Suites Gainesville, a 126-room, select-service, Marriott-branded hotel in Gainesville, FL. Situated on 2.4 acres at 4155 Southwest 40th Blvd., the property is located off Interstate 75 and Archer Rd.

HFF marketed the property on behalf of the seller, a partnership between Whitman Peterson and Sage Hospitality. Scarlett Hotel Group purchased the asset free and clear of debt.

Completed in 2007, the hotel underwent renovations in 2015 that upgraded the guestrooms and public spaces. The four-story hotel features an outdoor pool, 600 sq. ft. of meeting space, fitness center and complimentary hot breakfast. It is a Florida Green Lodging-certified property. Additionally, the hotel is in the heart of the city’s retail corridor and near two major projects currently underway, the 225-acre mixed-use Celebration Pointe and the one million-sq.-ft. doubling of Butler Plaza.

The HFF investment sales team representing the seller was led by Daniel C. Peek, senior managing director and head of the hotel group; Michael Weinberg, senior managing director; and Preston Reid, associate director.

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