Treasure Island hotel sells for $10.88 million
By Breanne Williams
Tampa Bay Business Journal
Published: Jan 27, 2023

The Treasure Bay Resort & Marina in Treasure Island has sold to Largo-based Equity Management Partners.

An LLC linked to the property management company purchased the 83-unit resort and adjacent boat slips for approximately $10.88 million, according to a deed filed in Pinellas County. The hotel was sold by Sunset Bay Properties LLC and the deal closed on Jan. 24. The sales price breaks down to approximately $131,137 per key.

Sunset Bay originally purchased the hotel in May 2006 for $9.3 million, according to a Pinellas County deed.

The hotel, located at 11125 Gulf Blvd., has views of Boca Ciega Bay and the Gulf of Mexico. According to the property appraiser, the hotel was built in 1966. It has a sundeck bar called the Sunset Cabana Bar, and amenities include a fitness room, heated pool and jacuzzi.

The hotel lies directly across the street from Treasure Island Beach. Surf Beach Resort, the Treasure Sands Condominium, Treasure Island Beach Resort and Sea Castle Suites are all within 0.1 miles of the property.

Equity Management Partners specializes in buying, selling, leasing and managing multifamily and commercial properties. Its portfolio includes the Holiday Inn on Westshore Blvd. and the Tampa Bay Center in Tampa, the Fourth Street Shopping Center in St. Petersburg and St. Luke’s Life Center in Lakeland, according to the company’s website.