Source: Highline Hospitality Partners

ST. PETERSBURG, Fla. – Highline Hospitality Partners (HHP), a hospitality investment platform launched by Highline Real Estate Partners, acquires the Hilton St. Petersburg Carillon Park. This expansion marks the 16th hotel in Highline’s portfolio and its first in the state of Florida.

Conveniently located in the heart of the 432-acre Carillon Park development and only 15 minutes from both downtown Tampa Bay as well as downtown St. Petersburg, the Hilton St. Petersburg Carillon Park has 227 guestrooms (including 49 suites), approximately 14,500 square feet of versatile indoor meeting space plus a 4,000 square foot outdoor patio, a full-service restaurant, a grab-and-go market, an outdoor pool, and a modern fitness center.

With this latest acquisition, Highline Hospitality now oversees a portfolio of 16 hotels, encompassing more than 4,300 guestrooms and over $1 billion in hospitality assets under management. This growth reflects Highline’s strategic focus on acquiring and enhancing high-performing hospitality properties across key markets nationwide. Additionally, Highline Hospitality currently represents an institutional ownership group and provides third-party asset management oversight for a portfolio of another 4 hotels, bringing the total number of hotels overseen by Highline to 20 properties currently.

Highline Hospitality has selected Hersha Hospitality Management (HHM) to continue managing the hotel, marking the first partnership between the two companies. HHM brings deep operational expertise and a track record of excellence in hospitality management, aligning with Highline’s vision for delivering superior guest experiences and driving long-term value.

We are excited to add the Hilton St. Petersburg Carillon Park to our portfolio and to begin a new relationship with HHM. This is a hotel we have been tracking for a while as we really like its central location within a growing MSA and its strong base of inherent demand generators from the adjacent Carillon Park. The acquisition of the Hilton further diversifies our portfolio as we continue to expand into key markets across the country. Todd Roffman, partner at Highline Hospitality Partners

The Hilton St. Petersburg Carillon Park has been institutionally owned and well-maintained since its delivery in 2007, benefiting from meaningful capital investment in recent years. Despite the hotel's excellent current physical condition and strong guest service reputation, Highline plans to execute strategic renovations focused on the property’s guestrooms and breakout meeting space in the near term which will further enhance and solidify the hotel’s competitive positioning in the market.

The Hilton St. Petersburg Carillon Park is located at 950 Lake Carillon Dr, St. Petersburg, FL 33716. To learn more about Highline Hospitality Partners, please visit the website.

About Highline Hospitality Partners

Highline Hospitality Partners sponsors and makes investments in full and select-service hotels and resorts throughout the United States. HHP is run by an experienced, cycle-tested, principal investment team with in-depth hotel management and operating experience. HHP pursues investments where it can significantly impact value through the implementation of an operating agenda or where its operational insights and execution capabilities give it unique market and asset-level advantages. HHP's most distinguishing attribute—we combine the judgment and value creation of an experienced strategic buyer with the execution capabilities of an experienced financial buyer. For more information, please visit www.highlinehp.com.