The Saint Hotel

Great Opportunity to purchase an asset sale with immediate upside! Appraised February of 2025 for $10,680,000 including FF&E and Business Enterprise Value. Real property alone appraised for $9.9M. The Saint Hotel & 82 Degrees Restaurant/Bar presents a rare opportunity to acquire a fully renovated, boutique hospitality asset located in the highly desirable beachside submarket of St. Pete Beach, Florida. Positioned just steps from the Gulf of Mexico, this turnkey asset combines a lifestyle-driven hotel concept with a high-performing food and beverage component, creating multiple revenue streams and strong guest appeal.
The property consists of a two-story boutique hotel with a total of 21 keys, of which 17 are currently operational. The asset underwent complete renovation in 2021, including full FF&E replacement, modernization of guest rooms, and the addition of a full-service restaurant and outdoor bar.
Property Specifications
• 21 total keys | 17 currently operational
• 2 of the keys were left unrepaired to turn in to speak easy concept
• 2 of the keys were changed to a downstair kitchen that is currently unused.
• ±15,568 SF building
• Built 1949 | Fully Renovated 2021
• Two-story construction with pool, lobby, elevator
• On-site restaurant (82 Degrees) with outdoor bar
Property Highlights
• Turnkey boutique hospitality asset with modern finishes
• Dual revenue streams: hotel + restaurant/bar
• Prime beach area location within walking distance to Gulf
• Recently renovated with strong branding and positioning
• Lifestyle-driven amenities including pool and outdoor seating
• Limited small-key, lifestyle-driven boutique competition in submarket
• Potential to redevelop and expand the hotel to approximately 42 keys
Submarket Highlights – St. Pete Beach / Tampa MSA
• Located in one of Florida’s most desirable beachfront markets
• Strong tourism demand driving occupancy and ADR growth
• High barriers to entry due to limited land and zoning restrictions
• Population growth and above-average household incomes
• Continued redevelopment and economic expansion in the region