In a strategic move, Innisfree Hotels has acquired the Hampton Inn & Suites by Hilton in St. Augustine-Vilano Beach, Florida for $21.185 million. This 94-room property was originally built as a luxury condominium in 2001 and marks Innisfree’s first venture into the thriving St. Augustine market.
The seller of this prime beachfront property was Pharos Sharpvue Vilano Beach Hotel LLC, while MCR Hotels of Dallas had purchased it for $15.436 million back in 2018.
Located in an idyllic Art Deco beach town near the historic district of St.Augustine, this newly acquired hotel offers easy access to popular attractions such as Colonial Spanish Quarter, Ponce de Leon’s Fountain of Youth Park,and Alligator Farm Zoological Park.Additionally,the area boasts numerous dining options within walking distance,making it an ideal destination for both leisure and business travelers alike.
Looking ahead to future developments at this location,the expert team at Innisfree Hotels plans to make significant improvements throughout the property by 2024.This acquisition is yet another testament to their commitment towards providing exceptional hospitality experiences across various markets.
