Meridian Club LLC sold the Hampton Inn St. Augustine, Fla., to QDI 5, LLC for an undisclosed sum. DSH Hotel Advisors' Dennis Hopper, managing principal, Dylan Amin, vice president investments, and Sam Subodh Patel, senior investment associate, arranged the sale. Other terms and conditions were not disclosed.
DSH Hotel Advisors held the exclusive listing with the seller, generating 260+ signed confidentiality agreements from qualified buyers and receiving 7 offers from buyers throughout the country.
"Investor appetite for well-located franchised hotels across Florida remains strong," Hopper said in a statement. "This transaction demonstrates the depth of our buyer network and our ability to deliver optimal results for hotel owners seeking liquidity or portfolio reallocation. Our firm remains focused on creating value for hotel owners through strategic advisory, and nationwide investor reach." Said Hopper.
"In a year marked by limited transaction velocity and heightened capital market challenges, our team's strategic marketing process and extensive industry relationships enabled us to achieve a seamless closing," Amin said. "This transaction underscores DSH Hotel Advisors' ability to execute in all market cycles while delivering optimal results for our clients. We appreciate the seller's confidence in our team and congratulate both parties on a smooth transition of ownership."
"We are pleased to announce the successful sale of the 67-room Hampton Inn St. Augustine I-95," Patel said. "Congratulations and a big thank you to our client, Meridian Club LLC, and to the buyer, QDI 5 LLC. This deal reflects both the resilience of the hospitality sector—particularly for well-positioned assets in the Southeast—and our firm's continued commitment to delivering results for hotel owners and investors."