GLEN MILLS, PA—Roch Capital, a real estate and private equity firm, has acquired the 177-room Hampton Inn located on the ocean in Jacksonville Beach, FL.
Hampton Inn Jacksonville Beach/Oceanfront is a seven-story hotel on 350 ft. of direct Atlantic Ocean frontage. The hotel contains 177 rooms, including 15 suites, 6500 sq. ft. of meeting/event space, a 120-ft. heated lagoon-style pool with four waterfalls, and the Tiki Bar, an oceanfront restaurant/bar. Each room and suite has a balcony with oceanviews.
“We believe Jacksonville Beach will be a steadily improving market with long-term sustainability and the Hampton Inn is well positioned in it,” said Vincent Abessinio, co-president of Roch Capital.