HFF announces $185m sale of Renaissance Vinoy Resort & Golf Club St. Petersburg

Holliday Fenoglio Fowler, L.P. (HFF) announced the $185 million sale of the Renaissance Vinoy St. Petersburg Resort & Golf Club, a 362-room, waterfront resort that includes an 18-hole golf course in downtown St. Petersburg, Florida on September 5.

The HFF team marketed the hotel on behalf of the seller, RLJ Lodging Trust.

Listed on the National Register of Historic Places, the iconic pink Mediterranean Revival hotel was originally constructed in 1925 and has been transformed several times throughout its life, including its rebirth in 1992 as a hotel and the on-going, $50 million renovation and expansion of the hotel and the Vinoy Club, one of the most exclusive memberships in Tampa Bay.

The Vinoy hotel features more than 32,000 square feet of indoor meeting and event space; a 74-slip marina; 12 tennis courts; an 18-hole, 71-par golf course on Snell Island; the Vinoy Clubhouse and pro shop; and two resort-style pools. Food and beverage outlets at the Renaissance Vinoy St. Petersburg Resort & Golf Club include Marchand’s Bar & Grill, the recently-opened Paul’s Landing Marina Grill, the Vinoy Club Golf Grill on Snell Isle, the Lobby Bar and Veranda Café.

The HFF investment advisory team representing the seller included senior managing director and head of HFF’s hotel group Daniel C. Peek, director Preston Reid, managing director Max Comess, senior managing director Roland Merchant, director Alexandra Lalos and associate Wyatt Krapf.

“The Renaissance Vinoy is an iconic asset in the Florida resort market, and the repositioning begun by RLJ Lodging Trust will position it to continue its dominant presence in the Tampa Bay region for decades to come,” Peek said. “All of us at HFF were pleased to work with the great team at RLJ.”

For more information, visit hfflp.com.

Image courtesy of  Renaissance Vinoy Resort & Golf Club St. Petersburg

SOURCE: Business Wire