DSH Hotel Advisors Facilitates Successful Sale of Comfort Inn in DeLand, Florida, Near Stetson University
DSH Hotel Advisors Facilitates Successful Sale of Comfort Inn in DeLand, Florida
This December, DSH Hotel Advisors made headlines with the sale of the Comfort Inn & Suites in DeLand, a strategic location in the vibrant Orlando Metropolitan Statistical Area (MSA). Headquartered in Tampa, Florida, DSH Hotel Advisors is nationally recognized for its specialized focus on hotel investment sales. The accomplished transaction was executed on December 11, 2024, and was led by prominent figures within the firm including Managing Principal Dennis S. Hopper and Senior Vice President Randy B. Taylor, among others.
In a noteworthy achievement, DSH Hotel Advisors successfully represented both the seller, VSK Express, LLC, and the buyer, SHIVA 400, LLC. The firm secured over 127 signed Confidentiality Agreements from potential buyers, generating substantial interest that resulted in five official offers from across the country. This impressive response illustrates not only the value of the asset but also the efficacy of the firm’s targeted marketing strategies.
Dennis S. Hopper commented on the sale, stating, "The sale of the Comfort Inn & Suites DeLand showcases our team’s ability to attract multiple offers for a Florida hotel asset. This ultimately maximizes the sale price while providing a distinct purchasing opportunity for the buyer." His sentiment was echoed by Dylan N. Amin, who highlighted their commitment to fostering beneficial outcomes for both sides involved in the transaction. Amin expressed gratitude to the seller for their trust throughout the process, celebrating the successful securing of financing by the buyer.
Randy B. Taylor also praised the completion of the transaction, which took place in a market where hotel activities have been relatively subdued. "This deal underscores the resilience of the Central Florida hotel market and emphasizes the importance of strategic guidance and persistence in achieving successful outcomes," Taylor stated.
The Comfort Inn & Suites Deland is strategically positioned just off International Speedway Boulevard, a mere 45 minutes from downtown Orlando. The property's location caters to a wide array of guests, including university visitors, tourists, and business travelers alike, thanks to its proximity to Stetson University and local attractions such as Blue Spring State Park.
The hotel features modern amenities, including spacious guest rooms, complimentary breakfasts, free Wi-Fi, and an inviting outdoor pool, which contribute to a comprehensive hospitality experience. As occupancy rates rise and demand grows in the area, the property's established reputation has made it a preferred choice for many, highlighting the ongoing opportunities in the region’s hospitality market.
In a strategic outlook for the future, Vandan Patel, Investment Associate at DSH Hotel Advisors, expressed optimism about upcoming listings planned for 2025. The firm continues to navigate the hotel market's challenges while looking to uncover valuable opportunities for their clients, staying true to their mission of maximizing value and enhancing the buyer's purchasing experience.
DSH Hotel Advisors remains committed to driving successful transactions, fostering positive buyer-seller relationships, and setting a benchmark for excellence in the hospitality brokerage industry. Their effective strategies and deep connections within the hospitality sector position them as leaders in managing hotel assets throughout the southeastern United States.
As the market evolves, DSH Hotel Advisors is well-prepared to continue its legacy of excellence in facilitating real estate transactions with a focus on hotel investments, ensuring that they remain a trusted partner for clients looking to enter or exit the hospitality landscape in Florida and beyond.