Dynamic City Capital Acquires Hotel In Clearwater Beach For $115M

Dynamic City Capital has acquired a hotel property located at 309 Coronado Drive in Clearwater Beach. The sale was facilitated by Nick Plasencia of The Plasencia Group, representing the buyer. The seller, Key International, successfully closed the transaction, making this a significant deal in the hospitality market.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $115,000,000
• Address: 309 Coronado Drive
• Market: Clearwater Beach

The hotel property, consisting of 255 keys, was sold for a staggering price of $115,000,000, equating to a per key price of $450,980. This successful sale showcases the strong demand for hospitality properties in the Clearwater Beach market.

Dynamic City Capital, led by their representative Nick Plasencia from The Plasencia Group, seized this lucrative investment opportunity. Key International, the seller, completed the transaction while securing an impressive return on their investment. This deal highlights the involvement of key individuals and companies in the hotel real estate sector.