Canadian investors buy hotel near St. Petersburg-Clearwater airport
By Breanne Williams
Tampa Bay Business Journal
Published: Mar 10, 2022

Fairfield Inn & Suites by Marriott St. Petersburg Clearwater was sold off-market to a Canadian Investment Firm in a $8.7 million deal.

The hotel at 3211 Executive Drive in Clearwater has 82 rooms and amenities including a business center, pool and fitness center. The sale price breaks down to approximately $106,097 a key.

Bryan L. Gipson, director for HTL Hospitality Advisors, represented the seller, sourced the buyer and was the only broker involved in the sale.

"The Fairfield Inn & Suites St. Petersburg was not listed for sale, not exposed to the open market and the seller desired to transact in a confidential environment,” Gipson said in a release. “Thanks to our extensive hotel investor database, we identified the buyer and obtained pricing that was highly attractive to the seller."

According to a deed filed in Pinellas County the buyer is Tooraz Hospitality LLC. According to a release the transaction was part of HTL Hospitality Advisors’ off-market platform. The hotel is approximately two miles away from the St. Petersburg-Clearwater International Airport.