ST. PETERSBURG, Florida—Highline Hospitality Companions introduced the acquisition of the Hilton St. Petersburg Carillon Park. This enlargement marks the sixteenth resort in Highline’s portfolio and its first within the state of Florida.
Positioned within the 432-acre Carillon Park growth and solely quarter-hour from each downtown Tampa Bay in addition to downtown St. Petersburg, the Hilton St. Petersburg Carillon Park has 227 guestrooms (together with 49 suites), roughly 14,500 sq. ft of indoor assembly area plus a 4,000 sq. foot outside patio, a full-service restaurant, a grab-and-go market, an out of doors pool, and a health middle.
With this newest acquisition, Highline Hospitality now oversees a portfolio of 16 accommodations, encompassing greater than 4,300 guestrooms and over $1 billion in hospitality belongings underneath administration. Moreover, Highline Hospitality at the moment represents an institutional possession group and offers third-party asset administration oversight for a portfolio of one other 4 accommodations, bringing the full variety of accommodations overseen by Highline to twenty properties.
Highline Hospitality has chosen Hersha Hospitality Administration (HHM) to proceed managing the resort, marking the primary partnership between the 2 corporations. H
“We’re excited so as to add the Hilton St. Petersburg Carillon Park to our portfolio and to start a brand new relationship with HHM,” Todd Roffman, associate at Highline Hospitality Companions, stated in an announcement. “This can be a resort we now have been monitoring for some time, as we actually like its central location inside a rising MSA and its sturdy base of inherent demand turbines from the adjoining Carillon Park. The acquisition of the Hilton additional diversifies our portfolio as we proceed to develop into key markets throughout the nation.”
