DSH Hotel Advisors, a Tampa, Florida-based national hotel brokerage and advisory firm that specializes solely in hotel investment sales, arranged the sale of the recently renovated, 117-room Quality Inn Kennedy Space Center by Choice Hotels Titusville, Florida for $7.4 million. Dennis S. Hopper, CCIM, managing principal of the firm, and Dylan N. Amin, senior investment associate, represented seller Frontier Hospitality LLC and the buyer, Jay Jagannath Hospitality LLC.
DSH Hotel Advisors held the exclusive listing with the seller, generating 175-plus signed Confidentiality Agreements from qualified buyers and receiving 14 offers from investors throughout the country and internationally. The hotel has been sold to an internationally based investor.
“This sale is representative of our ability to produce multiple offers and ultimately maximize the sale price for our clients, while offering unique hotel investment opportunities to the marketplace. The number of investors contacting our team on a daily basis is incredibly high – they want midscale hotels in Florida, and the majority of the investors are securing traditional financing for these assets,” said Hopper.
The Quality Inn Kennedy Space Center by Choice Hotels is located directly off Interstate 95 and serves as a hospitality hub for the space center area and beyond to the Cape Canaveral cruise terminal. Recent improvements include an updated lobby, newly painted exterior, new signage, guest mattresses and linens and a resurfaced parking lot.