Berkadia Negotiates $16M Hotel Sale in Clearwater, Florida
CLEARWATER, FLORIDA – January 17, 2024 – Berkadia Hotels & Hospitality announced today the sale at bankruptcy auction of Holiday Inn Clearwater US 19 North, a 119-room property in Clearwater, Florida. Managing Director Kyle Stevenson of Berkadia Hotels & Hospitality led the transaction. The deal closed on December 29.
The closing represents the ninth hotel bankruptcy transaction closed by Berkadia in 2023.
Located at 2580 Gulf to Bay Blvd, the property affords convenient access to Clearwater Mall and St. Petersburg College. Holiday Inn Express & Suites Clearwater was built in 2005 and renovated in 2017 and features a 24-hour business center, an outdoor pool, and fitness center.
Berkadia Hotels & Hospitality combines best-in-industry innovation, knowledge, and experience with the most comprehensive suite of products and services, backed by relentless customer service and support to empower clients to capitalize on the right opportunities at the greatest value. The group serves clients across the country, offering a full set of advisory, investment sales, underwriting and loan origination services and products including Life Company, Proprietary Bridge Lending and Capital Markets Advisory Services.