Quality Inn St. Petersburg
2595 54th Ave N, St Petersburg, FL 33714
For Sale
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120-room hotel near Downtown St. Petersburg and St. Pete Beach.
Property Size44,642 SF
Lot Size2.38 Acres
Price / SF$190.40
Days on Market293
Property Features for 2595 54th Ave N
General Information
Standard status
Size
Lot size
Property subtype
Net Operating Income
Building Details
Year Built
Year Renovated
Buildings
Stories
Listing Agency:
DSH Hotel Advisors Inc
Listed By:
Dennis Hopper, CCIM · License GA BRKR411200
Source:
Crexi
Added: Jan 23
Changed: Nov 8
Last Checked: Nov 10 at 5:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of DSH Hotel Advisors Inc
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Investment Insights
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The Quality Inn St. Petersburg North is a 120-room hotel located just off Interstate 275. Of the total rooms, 106 are currently operational. The property sits on approximately 2.38 acres, conveniently located about 5 miles from Downtown St. Petersburg and 10 miles from St. Pete Beach. The hotel benefits from close proximity to a wide range of corporate, leisure, and medical demand generators. The subject property remains in good condition, supported by recent renovations and an ongoing capital improvement plan. It is estimated that the current owners spent approximately $4,000,000 in construction plus an additional $1,000,000 in improvements and FF&E. The hotel was closed from November 2019 until April 2021 during the renovation/conversion process. The Tampa–St. Petersburg–Clearwater MSA supports a robust and diversified hospitality market. Anchored by sectors such as healthcare, finance, technology, professional services, and defense (e.g. MacDill Air Force Base), its employment base provides consistent base demand. In fiscal year 2023, the region welcomed over 26.7 million visitors and generated nearly $1 billion in taxable hotel revenue in Hillsborough County alone. Tampa International Airport (TPA) handled approximately 23.9 million passengers in 2023. The Quality Inn by Choice Hotels presents a stabilized, turn-key investment with strong in-place revenues and a proven operational foundation. The property combines recent renovations with long-term upside potential.
Key Highlights
- Recently renovated 120‑room Quality Inn (106 rooms operational) in the highly sought‑after Tampa–St. Petersburg–Clearwater MSA.
- Located conveniently off I‑275, approximately 5 miles from Downtown St. Petersburg and 10 miles from St. Pete Beach.
- Strong market with diversified hospitality demand driven by healthcare, finance, technology, and tourism.
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Location Intelligence
Trade Area within ½ mile
685
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Demographics for 33714, FL
19,905
Population
9,889
Households
2
Avg Household Size
44
Median Age
20%
College-Educated
86%
High-School Grad
3.7 sq mi
ZIP Area
5,380
Density / Sq Mi
$47,221
Median Household Income
$36,207
Median Earnings
$1,270
Median Rent
$177,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hotel - 120-room hotel near Downtown St. Petersburg and St. Pete Beach.
Where is this hotel located?
The property is located at 2595 54th Ave N St Petersburg, FL.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: Recently renovated 120‑room Quality Inn (106 rooms operational) in the highly sought‑after Tampa–St. Petersburg–Clearwater MSA.; Located conveniently off I‑275, approximately 5 miles from Downtown St. Petersburg and 10 miles from St. Pete Beach.; Strong market with diversified hospitality demand driven by healthcare, finance, technology, and tourism.
