Hunter Hotel Advisors Completes Sale of Hampton Inn & Suites Vilano Beach, St. Augustine, Florida
Hunter Hotel Advisors - the nation's leading investment advisory firm focused exclusively on the hotel industry - announces today that the Hampton Inn & Suites located on Vilano Beach in St. Augustine, Florida has sold to Pharos Hospitality from MCR Group.
The property is situated in the midst of the tourist district, just steps from the beach, and conveniently located in close proximity to demand generators and attractions such as the Historic District, Colonial Spanish Quarter, 144-block Restoration Area, and Castillo de San Marcos.
"We're thrilled with the opportunity to expand our Florida portfolio with the Hampton Inn St. Augustine Vilano Beach. Building on strong historical performance, we think our planned renovation and a renewed focus on guest service will position this beach front hotel to thrive in a rapidly growing Florida market. Hunter Hotel Advisors, particularly Trey Scott, were phenomenal throughout this process. It's been a pleasure to work with their team." - Chris Watson, Chief Operating Officer at Pharos Hospitality.
Trey Scott, Senior Vice President, Hunter Hotel Advisors: "MCR Group has been a valued client of ours for many years, and we are pleased to have found Pharos Hospitality as the buyer for their hotel in St. Augustine. While this was our first transaction with Pharos Hospitality this year, I know this is only the start of our relationship with this emerging leader in the hotel investment space."
"This is the 11th Florida property Hunter closed in 2018. Florida is always a strong market for Hunter, and the team harnessed their collective knowledge of the region to find the right buyer for this property. Congratulations to Pharos Hospitality for the successful acquisition of this beach property in beautiful St. Augustine." - Teague Hunter, President, Hunter Hotel Advisors