A 125-key Home2 Suites in Tampa’s Brandon submarket has sold to a Massachusetts-based buyer, underscoring continued investor appetite for stabilized hospitality assets in Tampa Bay.
Berkadia announced Feb. 17 that it negotiated the sale of Home2 Suites Tampa Brandon, located at 10323 Palm River Road.
The deal closed Feb. 12. Associate Director Kyle Sahlsten of Berkadia Hotels & Hospitality represented the seller, a related company of Sarasota-based Floridays Development Co.
Massachusetts-based AAM 15 Management LLC acquired the property. The purchase price was not disclosed.
“We are excited about the opportunity to acquire the market leader at an attractive cap rate in a top 5 hospitality and office market in the country,” said David R. Masse, CEO and founder of AAM. “The hotel consistently ranks #1 in Occupancy and Average Daily Rate in its submarket. This is AAM’s third acquisition in Florida and is a strategic addition to our growing portfolio. With the addition of this property, AAM’s portfolio now totals 1,952 keys spanning 14 properties.”
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Built in 2018, the hotel sits at the convergence of Interstate 4, Interstate 75 and the Selmon Expressway.
The location places guests within minutes of downtown Tampa, Port Tampa Bay, Ybor City, the Seminole Hard Rock Hotel & Casino, the Florida State Fairgrounds and the MidFlorida Credit Union Amphitheatre.
That positioning supports both corporate and leisure demand. Business travelers can quickly access Brandon’s office clusters and downtown Tampa. Event traffic and cruise passengers add weekend and seasonal lift.
The hotel includes an outdoor pool, fitness center, business center, complimentary breakfast and digital key access.
Sahlsten said the sale reflects capital targeting assets that already generate reliable cash flow.
“The sale of the Home2 Suites Tampa Brandon represents that there is still a deep market for high-quality assets with an in-place yield,” Sahlsten said. “Investors want to make investments in markets with strong demand fundamentals like population growth, job growth, diversified economies, that are not oversupplied. The Tampa Bay region checks all of these boxes.”
For AAM, the acquisition expands its Florida footprint and reinforces a strategy focused on performance leaders within growing metros.
For Tampa Bay, it adds another data point showing that stabilized hotels in high-traffic corridors continue to attract institutional buyers.
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