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5300 Gulf Boulevard

Updated Oct 13, 2026

William J. Yung III Of Columbia Sussex Corporation Acquires Sirata Beach Resort From Conrad Suszynski For $207M
SOLDHotel

William J. Yung III Of Columbia Sussex Corporation Acquires Sirata Beach Resort From Conrad Suszynski For $207M

5300 Gulf Boulevard

$207,000,000

Building Size

—

Asset Type

Hotel

Closing

Dec 22, 2025

About this deal

AI

The transaction involved the Sirata Beach Resort, a hotel located at 5300 Gulf Boulevard in St. Pete Beach, covering 13 acres. The sale was finalized for a total of $207,000,000. The property offers multiple pools, a significant amount of event space totaling 30,000 square feet, and has undergone a $15 million renovation. With a total of 382 keys, the price per key stands at $541,885.

Summary of transaction details:

William J. Yung III, representing Columbia Sussex Corporation, led the acquisition of the Sirata Beach Resort from Conrad Suszynski of Crescent Real Estate Group. The financing for this deal included a loan amounting to $22.8 million from Huntington National Bank, underscoring the financial backing for this significant transaction.

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$207,000,000

Hotel

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Players

Columbia Sussex Corp.
Columbia Sussex Corp.Buyer

Conrad Suszynski

Crescent Real Estate

Seller

$277.4M

vol

4 deals

Seller
Huntington National Bank
Huntington National BankLender
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St Pete Beach Hotel Market Snapshot

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.08%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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