ORLANDO, FL—Holliday Fenoglio Fowler, L.P. (HFF) has closed the sale of the Seaside Amelia Inn, a 46-room beachfront hotel in the Amelia Island community of Fernandina Beach, FL. 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 Ave., Seaside Amelia Inn is located near the Atlantic Ocean and Fernandina Beach.
The hotel is situated along AIA Beach Boulevard less than two miles from the Fernandina Beach Historic District and proximate to Fernandina Beach Golf Club, Amelia Island Lighthouse and Fort Clinch State Park. Amenities include a daily Southern home-style breakfast, outdoor swimming pool, oceanfront rooftop sun deck, 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 Preston Reid and Alexandra Lalos, associate directors, and Michael Weinberg, senior managing director.
“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.