Ian Quint Of Brasswater Acquires 117-Room Hotel In Lakeland For $22 Million

The 117-room Hampton Inn & Suites Lakeland-South Polk Parkway, located at 3630 Lakeside Village Blvd in Lakeland, FL, was acquired for $22 million. It is a six-story hotel constructed in 2008 that has undergone recent renovations. The hotel is a part of the expansive 88-acre Lakeside Village development.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $22,000,000
• Buyer: Ian Quint - Brasswater
• Seller: Al Patel - Baywood Hotels
• Broker: Hunter Hotel Advisors
• Keys: 117
• Price Per Key: $188,034

Al Patel of Baywood Hotels, who owned the hotel for a decade, sold the asset to Ian Quint representing Brasswater. The sale was facilitated by Hunter Hotel Advisors, playing a key role in the transaction.