• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar

Tampa Bay News Wire

All news... no paywalls

  • Submit a Release
  • Contact Us
You are here: Home / Commercial Real Estate & Developers / Tahitian Inn Boutique Hotel in Tampa Sells for $10 Million

Tahitian Inn Boutique Hotel in Tampa Sells for $10 Million

September 6, 2022 by Post

TAMPA, Fla., Sept. 1,2022 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of the Tahitian Inn Boutique Hotel, an 82-room hotel, located directly off South Dale Mabry Highway in Tampa, Florida. The two- and three-story property sold for $10 million. The inn has been family owned and operated since it opened in 1952; this is the first time it has traded in 7 decades.

“The sellers are the original developers who have kept this property in their family for over 70 years,” said Ely Silverstein. “Our long-term relationship with the sellers allowed us to advise them on market timing and to choose a buyer who shares a similar long-term vision for the property. Our team generated interest from hoteliers, developers, and investors, which enabled us to get this Tampa legacy hotel sold at the full purchase price.”

Silverstein, Gabriel Shamay, and Christopher Passeggiata, investment specialists in Marcus and Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the Tampa-based seller. The buyer was also procured by Silverstein, Shamay and Passeggiata.

  The 36,600-square-foot property is situated on a 1.76-acre lot. Property amenities include an onsite Tiki-torch bar, resort-style heated swimming pool with private cabanas, private event space, business center, complimentary shuttle service, fitness center, and steam rooms. 

Tahitian Inn Boutique Hotel is located at 601 South Dale Mabry Highway in Tampa, Florida. The asset sits directly off U.S. Route 92, just minutes from Downtown Tampa, International Plaza, Westshore Plaza, Tampa International Airport, University of Tampa, and Raymond James Stadium.

# # #

About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2021, the company had 1,994 investment sales and financing professionals in 82 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.

email
print

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)

Related

Filed Under: Commercial Real Estate & Developers

Primary Sidebar

Categories

45 Users Online
1 User Browsing This Page.
Users: 1 Bot

Connect with us

  • View madduxbusinessreport’s profile on Facebook
  • View tbnwire’s profile on Twitter

RSS feed


45 Users Online

© 2023 KnowHowe

 

Loading Comments...