Nick Plasencia, another Plasencia Group managing director, says in a statement that the Thunderbird Beach Resort sale is “representative of the unprecedented investor interest in Florida’s hotels and resorts, especially those along its coasts.” Together, the two hotels - both built in the 1970s - contain 258 rooms. Pete Beach properties, the 10-story Grand Plaza Resort and the Beachcomber Beach Hotel & Resort, for a combined $100 million.

Most recently, in July 2019 Gencom Group acquired a pair of St. It, too, contains 300 feet of beachfront. bought the 196-room Postcard Inn on the Beach, at 6300 Gulf Blvd., for $47.4 million. Like the Thunderbird Beach, it had been family owned for decades. In July 2017, a joint venture between Crescent Real Estate and Five Star Realty Partners teamed up to buy the 382-room Sirata Beach Resort & Conference Center, at 5300 Gulf Blvd., for $108.2 million. The Thunderbird Beach resort also marks the latest in a line of major hospitality sales along Treasure Island in recent years. “We anticipate that this iconic resort will continue to thrive in its next chapter under new ownership,” says Chris Plasencia, a managing director of Tampa-based The Plasencia Group, a lodging advisory firm that represented the sellers in the Thunderbird Beach transaction. Thunderbird Beach, which was completed in 1957, features 310 linear feet of beachfront. resort had been owned for 50 years by the King family, according to records. Prior to the June sale, the 10700 Gulf Blvd. Hollywood-based Thunderbird TI Holdings LLC, an entity comprised of Gilad Ovaknin, Avraham Ovaknin, Shaul Zislin, Eliyahu Levy and Doron Malinasky, acquired both the 106-room Thunderbird Beach property and the Best Western. that opened in 1956, also sold for $7 million. The adjacent Best Western Sea Castle Suites, a 42-room motel at 10750 Gulf Blvd. The Thunderbird Beach Resort, an iconic waterfront hotel on Treasure Island, has sold for $25.5 million, according to Pinellas County property records.

Thunderbird beach resort