Clearwater Beach Hotel Will Rebuild

Sea Captain Hotel in ClearwaterSay goodbye to another 50’s era beach side landmark. The owner of the Sea Captain motel on Devon Drive is tearing down the outdated hotel to replace it with a bigger modern one. The site is next door to the former Port Vue hotel, which is being replaced with a Holiday Inn. The new hotel will have 85 rooms, fitness center, conference and banquet rooms, rooftop sundeck, and 93 space parking garage.

Clearwater Beach Sea Captain Motel May Be Replaced

The Sea Captain motel on Devon may be replaced if the city approves. The owner would like to replace the 27 room motel with an 85 room hotel. The proposal will be reviewed on January 13th. The site is just a few feet away from the site where the former Port Vue hotel is being replaced by a Holiday Inn.

Ocean Properties LTD Buys Sandpearl Interest

Ocean Properties LTD, owner of the former Adam’s Mark hotel site on Clearwater Beach, has purchased a controlling interest in The Sandpearl Resort, a luxury hotel and condo residence. While Ocean Properties LTD will be the managing partner, the Sandpearl name and day to day operations will not change.

Ocean Properties owns and manages over 100 hotels, many in South Florida and the Keys. The own 2 local properties including the Treasure Island Residence Inn. The purchase will likely be reassuring to local officials, indicating that Ocean Properties has continued interest in Clearwater Beach, and the developement of the vacant beachfront lot is on the horizon. Ocean Properties purchased the Adam’s Mark site in 2007 with plans for a 230 room hotel before the market tanked.

Photo Credit:PropCo Real Estate

Clearwater Beach Knights Inn To Become Boutique Hotel

The vacant Knight’s Inn on South Gulfview Blvd in Clearwater Beach will be replaced with an all suite hotel in 2011. The name of the hotel has not yet been determined. Construction is expected to begin in early 2011 and completed by year end. There will be 45 units approximately 600 square foot each.
The property was purchased in 2009 for $3.8 million, and renovations are estimated at $2 million. A construction loan has been secured by Southwind Hospitality, owner of the Quality Inn Beach Resort located across the street. Guests of the new hotel will have access to the Quality Inn pool and beach access, and guest of the Quality Inn will have access to the new hotel’s fitness center.

Patel Property Up For Sale In Clearwater Beach

The vacant 2.9 acre lot at Coronado and S. Gulfview, next to the new Hyatt is up for sale. The property is owned by Tampa businessman and philanthropist Kiran Patel. Patel paid $40 million for the prime land 6 years ago, one of Pinellas County’s most expensive land sale price. Todays asking price – $30 million.

Patel and partner Miami based Related Group originally planned to build a 15-story two tower megaresort of 450 condos and hotel suites overlooking BeachWalk and Clearwater Beach. A number of hotels were razed to make way for the project. The implosion of the Spyglass Resort was aired on live national TV when illusionist Chris Angel performed an escape just before it crumbled.

In 2008 Patel was granted an extension by the city to delay construction until 2011. Another extension for the property could be denied, meaning the new buyer might need to start building right away unless another deal is struck with the city. The site is currently used by the city for beach parking. As part of the extension agreement, 200 parking spaces were built with $150,000 from Patel.

Alden Beach Resort Recieves Local Award

Congratulations to the Alden Beach Resort and Suites who recently won Business of the Year for 2009 from the Tampa Bay Beaches Chamber of Commerce.