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Saltaire

1 story · First covered Mar 23, 2026 · Latest Mar 23
Saltaire Coverage
Hilton Bayfront St. Pete Sells for $288K Per Key. The Buyer Isn't Keeping the Hotel.

Hilton Bayfront St. Pete Sells for $288K Per Key. The Buyer Isn't Keeping the Hotel.

Kolter Group is paying $96 million for a 333-room Hilton in downtown St. Petersburg, and the per-key math only makes sense if you stop thinking about it as a hotel transaction. This is a land play dressed in a room key, and it tells you something uncomfortable about where real estate value is heading in coastal Florida markets.