A Rodeway Inn property in Sun City Center has been sold for $6.5 million, marking a commercial real estate transaction that exceeded its 2018 sale price by approximately 124%. The deal includes an 89-room hotel, financing details and ownership changes recorded in county records.
Key Takeaways
- The Rodeway Inn property in Sun City Center sold for $6.5 million.
- The hotel last changed hands in 2018 for $2.9 million.
- The property includes 89 guest rooms across three buildings on nearly 2.9 acres.
- UMIYA SC Investments LLC acquired the hotel from Ashiyana Hotels LLC.
- The purchase was financed with a $4.988 million loan from PCB Bank.
The Sun City Center hotel sale has closed with the transfer of the Rodeway Inn property for $6.5 million, marking a commercial real estate transaction that more than doubled the property’s previous recorded sale price. County records identify UMIYA SC Investments LLC as the buyer and Ashiyana Hotels LLC as the seller, while financing documents show the acquisition was supported by a loan from PCB Bank.
The transaction is notable because the property last sold for $2.9 million in 2018. The latest purchase price represents an increase of approximately $3.6 million, or about 124%, over the previous recorded sale.
Sun City Center Hotel Sale Closes at $6.5 Million
The sale involves the Rodeway Inn located at 809 N. Pebble Beach Blvd. in Sun City Center, Florida. Public property records show the hotel changed ownership for $6.5 million through a recorded commercial real estate transaction.
The hotel continues to operate as a hospitality property consisting of multiple buildings on a single site. The recorded sale transfers ownership of the real estate to UMIYA SC Investments LLC. Similar high-value hospitality transactions have been recorded elsewhere in the state, including the Miami Worldcenter retail property sale.
The transaction adds another completed hospitality property sale to Florida’s commercial real estate market, with county documents providing details on the property’s ownership transfer and financing.
Ownership Transfers to UMIYA SC Investments LLC
Previous Ownership Records
County records identify Ashiyana Hotels LLC as the seller in the transaction. Ownership has now transferred to UMIYA SC Investments LLC, which acquired the property through the recorded sale.
The available public documents identify the buyer and seller but do not disclose additional information about the companies’ future plans for the property.
The recorded documents also do not indicate whether the new ownership intends to renovate the hotel, modify its operations or retain the existing Rodeway Inn branding. Property improvements and guest experience remain important considerations in hospitality assets, as discussed in hospitality real estate aesthetics.
Ownership records primarily document the transfer of the real estate asset and the financing associated with the purchase.
Property Records Detail Hotel Size and Features
Property Specifications
County property records describe the hotel as occupying nearly 2.9 acres.
The property contains 89 guest rooms distributed across three buildings.
The site also includes a commercial swimming pool and approximately 43,500 square feet of heated building area, according to county records.
Construction records indicate portions of the property were completed during multiple phases. Buildings were constructed in 1962, 1973, and 2002, reflecting several periods of development across the site.
The combination of guest accommodations, supporting amenities and multiple building phases forms the physical characteristics included in the recorded sale.
The property’s address places it along North Pebble Beach Boulevard within Sun City Center, a community in Hillsborough County.
Sale Price Exceeds 2018 Transaction by 124%
The latest transaction significantly exceeded the property’s previous recorded sale value.
County records show the hotel last changed ownership in 2018 for $2.9 million.
The current purchase price of $6.5 million represents an increase of approximately $3.6 million compared with that earlier transaction.
Expressed as a percentage, the latest recorded sale price is roughly 124% higher than the amount paid eight years earlier.
The available public records identify the recorded transaction values but do not provide an appraisal explaining the increase in sale price. Investors evaluating commercial acquisitions often consider factors such as durable real estate income alongside asset performance and financing.
Likewise, the documents do not specify whether capital improvements, operational performance or other commercial factors influenced the negotiated purchase price.
The recorded figures instead establish the difference between the previous and current transactions based on publicly available property records.
Financing Details Accompany the Commercial Real Estate Deal
Acquisition Financing
County records show that UMIYA SC Investments LLC financed the acquisition with a $4.988 million loan from PCB Bank.
The financing was recorded alongside the property transfer, documenting the secured lending associated with the purchase.
Public records identify the lender and loan amount but do not disclose additional financing terms such as interest rate, maturity date or repayment schedule.
The recorded documents also do not include statements regarding future investment plans, redevelopment activity or operational changes following the acquisition.
At the time of the recorded sale, no public filings accompanying the transaction indicated plans to rebrand the property or discontinue its operation as a Rodeway Inn.
Frequently Asked Questions
Who purchased the Sun City Center Rodeway Inn?
County records identify UMIYA SC Investments LLC as the buyer of the Rodeway Inn property in Sun City Center.
How much did the Sun City Center hotel sell for?
The hotel property sold for $6.5 million.
How does the latest sale compare with the 2018 transaction?
The property previously sold for $2.9 million in 2018. The latest transaction is approximately 124% higher, representing an increase of about $3.6 million.
What features are included with the hotel property?
The property includes 89 guest rooms, three buildings, a commercial swimming pool, nearly 2.9 acres of land and approximately 43,500 square feet of heated building area.
How was the hotel acquisition financed?
Public records show the purchase was financed through a $4.988 million loan from PCB Bank.
