Hunter Closes on Sale of SpringHill Suites in Florida

ATLANTA—Hunter Hotel Advisors has represented a real estate private equity firm in the sale of the SpringHill Suites St. Petersburg Clearwater in Clearwater, FL, for an undisclosed amount. 

The hotel was purchased by a Canadian fund that is planning to capitalize on the hotels strong cash flow, Marriott brand and location in a high growth market, according to the company. Built in 2006, the three-story, 79-room hotel was fully renovated in 2015. Shamir Patel, who heads up Hunter’s office in Orlando, FL, advised on the transaction.