Beachcomber Beach Resort on St. Pete Beach changes ownership

TAMPA, Florida —

Hodges Ward Elliott, the premier boutique hotel real estate capital markets advisor and a part of Franklin Street’s national platform, announced it has brokered the sale of the Beachcomber Beach Resort. The 102-key beachfront resort is located directly on St. Pete Beach, Florida. The resort also includes approximately 2,100 square feet of meeting space, two heated outdoor pools, and Jimmy B’s Beach Bar & Grill with daily live entertainment.

“The Beachcomber is a rare asset with an outstanding beachfront location on one of the best beaches in the country,” Preston Reid, executive managing director, Hodges Ward Elliott, said. “This market is supply constrained and presents high barriers to entry, which brought significant buyer interest to the opportunity as the asset has demonstrated reliable historical performance while still possessing meaningful upside potential.”

The resort sits on more than six acres. The property includes a parking lot across the street and is located 30 minutes from Tampa International and St. Pete-Clearwater airports. It has walkable access to dining and attractions along Gulf Boulevard, and is in close proximity to downtown St. Petersburg, John’s Pass Village and Boardwalk, and the St. Pete Pier.

Preston Reid and Rudy Reudelhuber, executive managing directors, and Celina Nowicki, associate, represented the seller in the transaction.

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About Hodges Ward Elliott
HWE is the premier hospitality focused real estate capital markets advisor. With 50 years of excellence in real estate, HWE is committed to delivering exceptional results for its clients. The HWE team comprises the most forward-thinking, experienced professionals in the commercial hospitality real estate industry today and has earned its reputation through intelligence, a collaborative spirit, and a culture dedicated to putting its clients’ interests first. Learn more about HWE. 

About Franklin Street
Franklin Street is a fully integrated, national commercial real estate services firm headquartered in Tampa, Florida. We combine thoughtful planning with decisive action to deliver winning results to clients nationwide. Franklin Street’s seven lines of business include Capital Advisory, Insurance, Investment Sales, Property Management, Project Management and Tenant and Landlord Representation. Founded in 2006, Franklin Street has a network of industry-leading brokers and capital partners across the country to ensure exceptional client service. Learn more about Franklin Street.