Local hotelier buys Old Florida hotel property on St. Pete Beach
/The 18-unit beach haven villas hotel, built in 1949 | Loopnet
The 18-key Beach Haven Villas hotel, located on the picturesque shores of St. Pete Beach, now has a new owner—a prominent and well-established local hotelier.
Kevin Bowden, owner of St. Pete Beach's Miramar Resort and Cambria Hotel on Madeira Beach, purchased the Art Deco-styled hotel at 4980 Gulf Boulevard from Beach Haven LLC in a roughly $6.24 million deal. Beach Haven LLC is a local small business whose President is Carolyn Thatcher.
Bowden took out a $4.65 million mortgage loan from St. Pete-based real estate specialty finance firm Directed Capital in the transaction.
The 0.89-acre multi-building property along gulf boulevard |Loopnet
Nestled on the beach between two condominium buildings, the pink and teal hotel is less than half a mile from Bowden's Miramar Beach Resort at 4200 Gulf Boulevard, which he plans to expand with a new building addition and rooftop restaurant.
The 6,677-square-foot Beach Haven Villas hotel, built in 1949, is “one of a very few small properties left on the beach that retains its charming personality” and recently underwent renovations, according to the hotel’s website.
However, the parcel is advertised as a “redevelopment project” by KW Commercial and the 0.89-acre property is zoned Large Resort (LR), which is one of the most intense zoning districts and allows 50 units per acre.
The hotel has outdoor amenities, including direct private beach access | Loopnet
Today, the boutique hotel boasts 78 feet of direct Gulf frontage and amenities, including direct private beach access, gas barbeque grills, a deck and gazebo, and a heated pool facing the water.
Five of the motel units have been remodeled as well as six individual cottage-type structures containing two one-bedroom apartments in each.
One of the cottages consist of a one-bedroom apartment that connects to a two-bedroom apartment, according to the website.
