KMD Hospitality Management Acquires Courtyard Tampa Oldsmar & Residence Inn Tampa Oldsmar For $24.75M

KMD Hospitality Management has acquired the Courtyard and Residence Inn Tampa Oldsmar, located at 4014 Tampa Road and 4012 Tampa Road, from MIG Real Estate Group. The two hotels offer a total of 177 keys and are situated near Tampa Bay Downs Oldsmar. The sale price for this transaction was $24,750,000, with a price per key of $139,831.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $24,750,000
• Address: 4014 Tampa Road - Courtyard Tampa Oldsmar & 4012 Tampa Road - Residence Inn Tampa Oldsmar
• Market: Oldsmar

The buyer in this transaction was KMD Hospitality Management, represented by Manny Patel. On the seller's side was MIG Real Estate Group, with Greg Merage as their representative. The deal was facilitated by the brokers Robert Taylor, Sophia Pittaluga, and Trey Scott from Hunter Hotel Advisors.