hampton inn & suites st. augustine-vilano beach
Innisfree Hotels Acquires 94-Room Hampton Inn & Suites St. Augustine-Vilano Beach
Innisfree Hotels | November 15, 2023
The Hilton-branded property, Innisfree’s first in this historic part of Florida, is a seamless fit for the hotel operator’s beachfront and beach-oriented portfolio. GULF BREEZE, Fla.— Innisfree Hotels (innisfreehotels.com), a best-in-class operator of beachfront hotels and resorts in the Southeastern United States, has completed the acquisition of the Hampton Inn & Suites by Hilton in St. Augustine-Vilano Beach, Fla. The 94-room property, originally built in 2001 as a high-end condo, is Innisfree’s first hotel in the St. Augustine area. “The Hampton Inn & Suites St. Augustine-Vilano Beach fits perfectly into our beac...
MCR Sells the Hampton Inn & Suites St. Augustine-Vilano Beach
MCR | January 3, 2019
NEW YORK / JANUARY 3, 2019 MCR, the sixth-largest hotel owner-operator in the United States, has sold the 94-room Hampton Inn & Suites St. Augustine-Vilano Beach, located at 95 Vilano Road, St. Augustine, Florida. The firm purchased the hotel in 2012. MCR generated a 35% IRR and a 3.7X equity multiple on the investment. The transaction closed on December 12, 2018. "The substantial returns generated by this sale are a credit to MCR's best in class operations team," says Tyler Morse, CEO and Managing Partner of MCR and MORSE Development. "We pride ourselves on our excellent guest relations, our strong sense of teamwork and the overal...
