Advertisement
  1. Real Estate

Ocala investors buy Towne Place Suites in Clearwater for $7 million

Published Jun. 28, 2018

CLEARWATER — The Towne Place Suites by Marriott St. Petersburg-Clearwater has sold to a new owner for $7 million.

The 95-room hotel is located on 13200 49th Street N. Broker Bryan Gipson with HTL Hospitality Advisors secured the buy. It was purchased by Clearwater Hotel Investment Group, an LLC based in Ocala.

The same group also runs the Hotel Development & Management group, which owns a handful of other chain hotel brands across the state.

Gipson said the new owners plan to renovate the hotel under the Towne Place brand's latest standards.

MORE: Go here for more Business News

ALSO IN THIS SECTION

  1. Joseph Erickson, 53, looks out the window at the gulf-[front condo he thought he won at a foreclosure auction last year.t JOHN PENDYGRAFT   |  Times
    "There have been serious allegations,'' Judge Keith Meyer said.
  2. West Port Colony apartments in St. Petersburg C2 Design Group Inc, Chris Stevens
    The complex off Fourth Street N is convenient to both Tampa and downtown St. Petersburg.
  3. Lithia Motors Inc. has acquired three dealerships from the Williams Automotive Group including Wesley Chapel Toyota near the Interstate 75 and State Road 54 interchange in Wesley Chapel. [Times (2007]
    Wesley Chapel Toyota, Wesley Chapel Honda and Tampa Honda dealerships change hands
  4. Joseph Erickson, 53, won a foreclosure auction for a condo at Happy Fiddler Condominiums in Indian Rocks Beach last year only to have a man claim he is the true owner of the property and should get the  $350,000 that Erickson has already paid for the condo. JOHN PENDYGRAFT   |  Times
    A Land O’ Lakes man had already spent money on renovations when he got two shocks about his new condo.
  5. Florida had 381,300 jobs in the manufacturing sector in September. [Times 2016]
    No matter how many times you hear that the country doesn’t make anything anymore, don’t believe it.
  6. The pool area at ICON Harbour Island RICHARD LUBRANT  |  Related Group
    ICON Harbour Island is adjacent to the $3 billion Water Street development.
  7. The Grande Oaks development will be just south of this sign, which sits on the eastern boundary of the town of St. Leo on State Road 52. Tampa Bay Times
    Town officials say they don’t want to become like Clermont.
  8. Spanx founder and Clearwater native Sara Blakely will be the keynote speaker at the Synapse Summit 2020 innovation convention, scheduled for Feb. 11 and 12 at Amalie Arena in Tampa. (Times file photo)
    Organizers say the Clearwater native is a game-changer for the event on Feb. 11-12 at Amalie Arena. It is expected to draw more than 6,000 entrepreneurs.
  9. St. Petersburg's City Council just passed a tenant bill of rights. SUSAN TAYLOR MARTIN  |  Susan Taylor Martin
    The new ordinance is meant to reduce housing discrimination and lower eviction rates.
  10. Topgolf has sports entertainment complexes in Brandon and more than 50 other locations worldwide.
    Residents of the Carillon Office Park say the city of St. Petersburg didn’t properly notice them.
Advertisement
Advertisement
Advertisement