HFF closes sale of Seaside Amelia Inn on Amelia Island, Florida
ORLANDO, FL – May 31, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of the Seaside Amelia Inn, a 46-room beachfront hotel in the Amelia Island community of Fernandina Beach, Florida.
HFF marketed the property on behalf of the seller, TRU Hotels & Resorts, LLC. Innisfree Hotels purchased the asset free and clear of debt and unencumbered of management.
Located at 2900 Atlantic Avenue, Seaside Amelia Inn is located steps away from the Atlantic Ocean and Fernandina Beach, one of Florida’s most pristine coastal destinations and off the coast of Jacksonville. The hotel is situated along AIA Beach Boulevard less than two miles from the Fernandina Beach Historic District and proximate to top Amelia Island destinations, including the Amelia Island Historic District, Fernandina Beach Golf Club, Amelia Island Lighthouse and Fort Clinch State Park. The Seaside Amelia Inn features a daily southern home-style breakfast, outdoor swimming pool, oceanfront roof top sun deck and meeting space and activity corner. Completed in 2008, the hotel is adjacent to The Sandbar & Kitchen, a new restaurant opening this spring.
The HFF investment sales team representing the seller was led by associate directors Preston Reid and Alexandra Lalos and senior managing director Michael Weinberg.
“Opportunities to acquire assets in markets like Amelia Island, where the majority of the assets are privately owned by long term investors, are rare,” Reid said.
“Northeast Florida has shown strong performance growth in last 12 months, emerging as a new highly desirable Florida beachfront market,” Lalos added.
About TRU Hotels & Resorts, LLC
TRU Hotels & Resorts, LLC is the successor company to The Prairie Group, LLC, which was founded in 1995 to take over the management of a group of hospitality assets for an international investment firm and to pursue global opportunities in the hotel and resort industry. Since that time, the company and its founders have been actively involved in the development, acquisition and management of numerous hotels, resorts, restaurants and spas. Visit truhotelsandresorts.com for more information.
About Innisfree Hotels
Innisfree Hotels is a hotel company delivering exceptional service, guest satisfaction and return on investment since 1985. The company embraces its motto of “creating fun, memorable experiences,” while cultivating innovation and excellence in everything it does. For more information, visit innisfreehotels.com.
Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.