Kanti Pater's Vista Hospitality Acquires Castillo Real Hotel In St. Augustine For $11.5M

Hotelier Kanti Patel has purchased the Castillo Real Hotel in St. Augustine Beach for $11.5 million from MSB Hotels III LLC. The hotel is located at 530 A1A Beach Boulevard in the St. Augustine market. The transaction was completed on 10/04/2023.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $11,500,000
• Address: 530 A1A Beach Boulevard - Castillo Real Hotel
• Market: St. Augustine

Kanti Patel, the buyer, is the owner of Vista Hospitality, which currently operates 12 other hotels in the region, including the Renaissance St. Augustine Historic Downtown Hotel. The new hotel's brand has not been disclosed.