Home Hotel management DSH Hotel Advisors receives over 20 bids for sale of 49 rooms Baymont by Wyndham -Midway/Tallahassee, Florida

DSH Hotel Advisors receives over 20 bids for sale of 49 rooms Baymont by Wyndham -Midway/Tallahassee, Florida

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TAMPA, Florida., April 4, 2022 /PRNewswire/ — DSH Hotel Advisors, a national hotel brokerage and advisory firm headquartered in Tampa, Florida – specializing solely in the hospitality industry – announced that Dylan Amineinvestment associate, and Denis HopperCCIM, Managing Principal of the firm closed on the Baymont by Wyndham Midway/Tallahassee, Florida to March 29, 2022 for an undisclosed price. Mr. Amin and Mr. Hopper represented the seller, DJK Properties, LLC, and the buyer, Lakulesh, Inc.

The sale represents one of several recent hotel transactions DSH Hotel Advisors has brokered across the state of Florida. The company expects many more closures in the coming weeks and months, with a heavy concentration in the midscale hotel segment.

“We generated over 20 offers throughout the marketing of the Baymont for sale. Buyers across the country were interested in the Baymont by Wyndham Midway/Tallahassee, which allowed us to create a competitive bidding environment between buyers and ultimately maximize the selling price for the seller. Due to operational inefficiencies and vacant land ripe for development, the hotel has significant growth potential for the new owner through capital improvements and improved property operations. Tallahassee is positioned for significant growth in the coming years, making it a unique acquisition opportunity for first-time buyers (Lakulesh, Inc.) – we believe they are going to have great success with this property,” says Amin .

“We are experiencing strong demand for budget and midscale hotels in Florida In the present. We’ve seen this segment weather the storm better during the peak of Covid (along with extended stay hotels), and I think that’s created new appeal for the property type – especially in some areas of Florida. We expect this trend to continue for the foreseeable future, especially with people moving Florida across the country in record numbers. To add to that – with rising inflation, hotels are the ideal product type due to the ability to quickly adjust ADR and increase revenue,” says Hopper.

About DSH Hotel Advisors www.DSHHotelAdvisors.com:

DSH Hotel Advisors is a national hotel brokerage and advisory firm based in Tampa, Florida. The firm exclusively represents investors looking for an acquisition or sale of hotel assets through United States, with a regional focus in the southeast. The company has deep-rooted relationships with key hospitality industry personnel, including independent and institutional investors, real estate and franchise attorneys, management companies, franchisors, contractors and lenders, allowing them to offer a full range of services to their clients and ensure the best team is on the ground for each assignment. In addition to the extensive network of hotel buyers within the DSH Hotel Advisors network, the company also encourages collaboration with other brokerage firms with the aim of maximizing the sale price of each exclusively listed assignment.

Media contact:
Denis Hopper
[email protected]
813-605-1756

SOURCE DSH Hotel Advisors