Berkadia successfully facilitated the sale of the fully renovated Hampton Inn Tampa East (Casino Area) to KMD Hospitality Management for $9.65 million, reflecting strong investor interest in the Tampa hotel market.

Information on the Target

The Hampton Inn Tampa East (Casino Area), a 74-unit limited-service hotel, was sold for $9.65 million on May 15, 2025. This property, located at 11740 Tampa Gateway Blvd., features modern amenities and has undergone a complete renovation in 2023. Its strategic position allows for convenient access to Downtown Tampa, popular leisure attractions, the cruise port, and a significant amount of office and industrial real estate in the vicinity.

Industry Overview in Florida

The hotel industry in Florida, particularly in the Tampa area, has seen a resurgence in recent years, driven by a steady influx of tourists and a growing local economy. The state's favorable climate, vibrant cultural scene, and recreational activities make it a top destination for both leisure and business travelers. Tampa itself has experienced considerable population growth, resulting in increased demand for accommodations.

The I-4 corridor, which runs through Tampa, has garnered attention from national investors due to its robust job growth and significant corporate relocatio