St. Pete Beach, FL – February 22, 2017 – Hodges Ward Elliott (“HWE”), the world’s leading independent hotel brokerage and investment-banking firm, with offices in New York, Atlanta, Los Angeles and London, is announcing they represented the seller in the recently closed sale of the historic Don CeSar Hotel in St. Pete Beach, Florida to Host Hotels & Resorts.
The iconic 277 room hotel was built in 1928 and is known as the “Pink Palace” because of its distinctive pink facade. The sale also includes the 70-room Beach House Suites for a total of 347 rooms. The property will be managed by Davidson Hotels & Resorts.
President Mark Elliott and Managing Director Pete Dannemiller of Hodges Ward Elliott represented the seller in the transaction.