Mission Hill Hospitality Expands Select Service Portfolio With Two Acquisitions in Clearwater Beach, FL

USA, Denver, Colorado. September 08, 2023

Mission Hill Hospitality, a leading select service and extended stay hotel investor, announced it has acquired two select service Marriott hotels located in Clearwater Beach, Florida: the 144-key AC Hotel Clearwater Beach and the 139-key Courtyard Clearwater Beach. Terms are undisclosed.

These are the 30th and 31st properties added to the Mission Hill Hospitality portfolio since the company was launched in March 2021. The assets are Mission Hill's fourth and fifth acquisitions in Florida, following the Inn of Naples - Tapestry Collection by Hilton, the SpringHill Suites by Marriott Navarre Beach and the Home2 Suites by Hilton Jacksonville Airport.

"This investment provided a great opportunity for us to expand our portfolio in Florida with two core-branded assets in a high-barrier market," said Mike Wilbert, Managing Director, Mission Hill Hospitality. "These well-located, recently developed select service properties offer exceptional amenities including rooftop restaurants, elevated pool decks, and a marina. Clearwater Beach and the surrounding market offer a variety of leisure demand drivers including renowned beaches, state parks, and world class snorkeling, drawing visitors nationally and internationally."

The AC Hotel, which opened in June 2022, is one of Clearwater Beach's newest hotels. Located at 395 Coronado Drive, the hotel boasts 10th-floor views over the Gulf of Mexico and the Intracoastal Waterway. The hotel is located just steps from Clearwater Beach, providing guests with unrivaled views of Clearwater Bay. The hotel offers a variety of amenities such as a fitness center, an outdoor swimming pool, a pool deck bar, AC Kitchen and lounge, and a rooftop bar.

The Courtyard, located a few blocks north of the AC Hotel at 455 E Shore Drive, opened in December 2021 and features seven floors of spacious modern, comfortable guest rooms. The Courtyard, which includes an adjacent 50-slip marina, offers guests easy access to Clearwater Beach and Pier 60, a top attraction in the area, with an 1,100-foot fishing pier and a recreational park with telescopes and covered pavilions. The hotel offers amenities such as a fitness center, an outdoor swimming pool with elevated pool deck, rooftop bar, on-site restaurant, and 1,000 square feet of meeting/event space.

Located 20 miles west of Tampa, Florida, Clearwater Beach is renowned as one of the premier beach and family destinations in the country, drawing an estimated 14 million visitors each year. Clearwater Beach, the main attraction in Pinellas County, has gained widespread recognition, ranking #6 on TripAdvisor's list of "Top Trending Destinations in the U.S." and making Travel + Leisure's list of "The 14 Best Beaches in Florida" in 2022 and 2021, respectively.

There are a variety of area sightseeing attractions and activities within close proximity to both hotels. These include fishing charters, dolphin-watching excursions, and the Clearwater Marine Aquarium. Clearwater Beach boasts a variety of restaurants and shops along its main strip. Visitors can enjoy fresh seafood, waterfront dining, beachside cafes, and browse through unique boutiques.

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