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St. Petersburg hotel market

1 story · First covered Mar 21, 2026 · Latest Mar 21
St. Petersburg hotel market Coverage
A Developer Just Paid $96M for a Hotel They're Almost Certainly Going to Demolish

A Developer Just Paid $96M for a Hotel They're Almost Certainly Going to Demolish

Kolter Group is buying the 333-key Hilton St. Petersburg Bayfront from Ashford Hospitality Trust. They're not buying a hotel. They're buying three acres of waterfront dirt with high-density zoning and a 54-year-old building standing in the way.