St. Pete Holiday Inn Sold To IL Company For $18.75M: Reports

ST. PETERSBURG, FL — The Holiday Inn St. Petersburg West at 1200 34th Street N. has new owners, according to multiple reports.

The property was sold to NexGen Hotels, based in Illinois, for $18.75 million, the Tampa Bay Business Journal reported. The hotel last sold in November 2021 for $11.8 million.

The majority of hotels owned by NexGen are located in the MidWest, according to the company’s website.

The 129-room hotel will be managed by Genuine Hospitality Group, which is in St. Louis, Missouri, HotelBusiness.com said.

Amenities at the property include an outdoor, resort-style heated pool and whirlpool spa, a fitness center, a grab-and-go market, a full-service restaurant and bar serving lunch and dinner, and a boardroom.

Patch has reached out to NexGen for more information about the purchase.

"We are thrilled to add to our growing portfolio and extend our footprint into the St. Petersburg area," Chris Patel, the company’s president, said in a statement, according to HotelManagement.net. "This acquisition offers NexGen Hotels an excellent opportunity to become a key player in the strong hotel market in St. Petersburg."