Hyatt Place hotel in St. Augustine sells for $49.5 million

The 120-room property was built this year and opened Oct. 11.

  • By Dan Macdonald
  • | 4:26 p.m. December 6, 2023
  • | 0 Free Articles Remaining!
A rendering of the Hyatt Place hotel at 117 Vilano Road in St. Augustine. The hotel opened Oct. 11.
A rendering of the Hyatt Place hotel at 117 Vilano Road in St. Augustine. The hotel opened Oct. 11.
Hyatt Hotels
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The Hyatt Place hotel at 117 Vilano Road in St. Augustine sold Dec. 4 for $49.5 million.

Elite Hospitality LLC of Ormond Beach sold the property through R & R Hotels LLC to Brimstone Partnership LLC, also of Ormond Beach.

Brimstone Partners took out a $14 million mortgage Dec. 4 with Cogent Bank of Orlando.

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