Keshav Patel Acquires Hotel In Tampa From Dharmesh Patel For $10.5M

The asset involved in this transaction is a hotel located at 5421 West Waters Avenue in Tampa. The property was sold for $10,500,000 and includes 90 keys. The total square footage of the hotel is 54,138, resulting in a price per square foot of $193 and a price per key of $116,666.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $10,500,000
• Buyer: Keshav Patel
• Seller: Dharmesh Patel
• Broker: Taj Patel - GPT Commercial
• Keys: 90
• Price per Key: $116,666
• Square Footage: 54,138
• Price per Square Foot: $193

Taj Patel from GPT Commercial represented both the buyer, Keshav Patel, and the seller, Dharmesh Patel, in this off-market transaction, which was noted to be finalized on September 3, 2026. The hotel is strategically situated near major landmarks including the Veterans Expressway and is within five miles of Raymond James Stadium. GPT Commercial specializes in off-market hospitality transactions across Florida and the Southeast.