Kolter Group Acquisitions LLC /
St. Petersburg Florida Hotel Limited Partnership
Kolter Group Acquisitions LLC agrees to buy Florida hotel for $96 million
Source for the buyer and target: Ashford Hospitality Trust Inc
For the buyer and target.
“On December 12, 2025, St. Petersburg Florida Hotel Limited Partnership and Ashford TRS Lessee II LLC (together, “Seller”), indirect wholly owned subsidiaries of Ashford Hospitality Trust, Inc. (the “Company”), entered into an Agreement of Purchase and Sale (the “Agreement”) with Kolter Group Acquisitions LLC (“Purchaser”), for the sale of Hilton St. Petersburg Bayfront located in St. Petersburg, Florida (the “Hotel”) for $96 million in cash, subject to customary prorations and adjustments (the “Purchase Price”).”
Published 20 Feb 2026
Open the sourceWhat happened
Kolter Group Acquisitions LLC signed an agreement on Dec. 12, 2025 to buy the Hilton St. Petersburg Bayfront in St. Petersburg, Florida. The hotel is held by St. Petersburg Florida Hotel Limited Partnership, which is an indirect subsidiary of Ashford Hospitality Trust, Inc. The price is $96 million in cash, subject to customary prorations and adjustments. [01]
On Feb. 20, 2026, Kolter Group Acquisitions LLC sent a notice to proceed, so its initial $500,000 deposit is now non-refundable. A further $1,900,000 deposit is due within three business days. The sale is expected to close in the first quarter of 2026, subject to customary closing conditions. [01]
The source
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Kolter Group Acquisitions LLC agrees to buy Florida hotel for $96 million
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Agreement signed
“Kolter Group Acquisitions LLC agrees to buy Florida hotel for $96 million Kolter Group Acquisitions LLC signed an agreement on Dec. 12, 2025 to buy the Hilton St. Petersburg Bayfront in St. Petersburg, Florida”
Open the sourceExpected close
“The sale is expected to close in the first quarter of 2026, subject to customary closing conditions”
Open the sourceAlso stated
“On Feb. 20, 2026, Kolter Group Acquisitions LLC sent a notice to proceed, so its initial $500,000 deposit is now non-refundable”
Open the source
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