Innisfree Hotels Acquires Hampton Inn & Suites St. Augustine-Vilano Beach From Pharos Hospitality For $21.8M

The Hilton-owned Hampton Inn & Suites in St. Augustine, Florida, located at 95 Vilano Road, was sold for $21.815 million to Innisfree Hotels by Pharos Hospitality. This 94-room hotel, built in 2001, is situated on a 2.57-acre property. The sale of the property included various amenities such as an outdoor pool, fitness center, and its convenient proximity to the ocean and tourist attractions in the St. Augustine market.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $21,815,000
• Address: 95 Vilano Road
• Market: St. Augustine
• Acres: 2.57

The buyer, Innisfree Hotels, made the purchase from Pharos Hospitality. The transaction was facilitated by Ted Ent, representing Innisfree Hotels, and Christopher J. Nassetta and Buddy Watson, representing Pharos Hospitality. The sale price of the hotel was $21.815 million, and it encompasses a total of 66,938 square feet, with 94 keys available. The price per key (PPK) for the transaction was $232,074, and the price per square foot (PPSF) was $326.

It is worth noting that the Hampton Inn & Suites in St. Augustine offers a variety of amenities and convenient access to both the ocean and local tourist attractions.