Saint Hotel & Land Parcels 5 Properties Offered at $14,339,429 CAD in Saint Pete Beach, FL

The Saint Hotel offers an exceptional investment opportunity in one of Florida’s most desirable coastal submarkets. Located steps from the Gulf of Mexico on St. Pete Beach, this boutique hospitality property features 21 total keys (19 currently operational) and an on-site full-service restaurant and bar, 82 Degrees. The property recently underwent a comprehensive renovation in 2021, incorporating modernized guest rooms, structural upgrades, and new FF&E. This turnkey asset produces dual revenue streams from both hotel accommodations and a vibrant food and beverage venue, creating strong income diversification.
Spanning nearly one acre across multiple parcels, the site includes excess land with by-right development potential, enabling future expansion to approximately 44 hotel keys and the potential addition of 13 condo or multifamily units. The zoning framework and municipal support streamline redevelopment opportunities, enhancing long-term upside.
Positioned in a high-barrier-to-entry market with booming tourism, population growth, and limited boutique competition, the property stands poised for continued performance. Its prime location offers proximity to Tampa International Airport and key regional highways, making it an attractive destination for leisure travelers. Offered at $8,600,000 with a 7.45% cap rate, this asset strikes the ideal balance between immediate income and scalable growth potential.