Waterfront Mariott-branded Florida hotel sold near Sarasota
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 Courtyard by Marriott Bradenton Sarasota/Riverfront. The 153-key waterfront hotel is located along the Manatee River in downtown Bradenton, Florida. The Property includes approximately 9,400 square feet of meeting space and amenities including an outdoor pool, hot tub, and fitness center, all situated on a 6.85-acre riverfront site along the highly trafficked Bradenton Riverwalk just south of Sarasota.
“Positioned in one of Florida’s fastest-growing Gulf Coast markets, this property offered investors a desirable waterfront location with robust in-place cash flow and meaningful upside potential,” Preston Reid, executive managing director, Hodges Ward Elliott, said. “The transaction underscores continued investor appetite for high-quality, select-service assets in strong Sunbelt markets, particularly those offering a combination of current yield and long-term upside.”
The hotel’s waterfront location on the Manatee River and proximity to key demand drivers, including Sarasota-Bradenton International Airport, Bradenton Area Convention Center, and world class beaches, position it for continued business and leisure demand.
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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.
