Marcus & Millichap, a commercial real estate investment services firm with offices throughout the U.S. and Canada, sold a 94-room Hampton Inn & Suites in Wesley Chapel, Fla. The terms of the sale were not released.
“Hampton Inn & Suites is a highly sought after brand, and the location at Wesley Chapel generated numerous offers when the property was being marketed,” said Jonathan Ruprai, senior director of Marcus & Millichap’s National Hospitality Group in Tampa, Fla. “Attracted by the hotel’s strong performance, location and demographics, the new owner is positioned to benefit from the tremendous growth transforming Wesley Chapel.”
Ruprai, along with Dennis Hopper, a senior associate also located in Tampa, represented the seller and secured the buyer. A subsidiary of Nimbus Investment Fund, an independent affiliate of Emerald Hospitality Associates based in Westlake, Ohio, which will manage the property.
The Hampton Inn & Suites is located in the Wesley Chapel suburb of Tampa at 2740 Cypress Ridge Blvd., and sits directly off of Interstate 75, giving the hotel visibility to guests. The property has also won several awards including Hilton’s companywide Circle of Excellence Award and Lighthouse Award and TripAdvisor’s Hall of Fame award for winning five consecutive TripAdvisor Certificate of Excellence Awards.