21 DECEMBER 2023

HUNTER HOTEL ADVISORS BROKERS SALE OF TWO HILTON-BRANDED TAMPA HOTELS

Hunter Hotel Advisors (“HUNTER”) is pleased to announce the sale of the Hilton Garden Inn Tampa Northwest Oldsmar and the Hilton Garden Inn Tampa North. HUNTER’s Senior Vice Presidents, Tim Osborne and Trey Scott, represented the institutional seller.

Embarc, LLC of Orlando acquired the 87-key Hilton Garden Inn Tampa Northwest Oldsmar and IRAS Group out of Miami acquired the 148-key Hilton Garden Inn Tampa North. The new owners will renovate the hotels to current brand standards.

Demonstrating remarkable resilience amid evolving market dynamics, HUNTER has achieved notable sales surpassing $1.1 billion in Florida since 2022. Particularly along Florida's West Coast, the company takes pride in the successful sale of assets totaling an impressive $750 million over the past five years.

“Tampa continues to be one of the top performing markets in the country and shows no signs of slowing down. Investors from all over the country continue to target Florida with a focus on the Tampa Bay area,” said Tim Osborne, Senior Vice President of HUNTER.