HEI Hotels buys in Clearwater

  • By Business Observer Staff
  • | 4:12 p.m. September 26, 2012
  • | 0 Free Articles Remaining!
  • Tampa Bay-Lakeland
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CLEARWATER — Norwalk, Conn.-based HEI Hotels & Resorts purchased the 115-suite Residence Inn By Marriott Clearwater Downtown for $10 million.

The price equated to $86,957 per suite.

Built in 2008, the seven-story hotel features only suite units with full kitchens and specializes in extended-stay business. The seller, an affiliate of Southeast Hospitality Properties LLC, purchased the property in mid-2006 for $1.7 million.

 

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