The Courtyard by Marriott St. Petersburg Downtown has sold to Atlanta-based The Radco Cos. for $26.1 million.
The sale closed Oct. 7, according to Pinellas County property records. The seven-story hotel has 128 rooms, and the sale price breaks down to approximately $203,906 per key. It is at 300 Fourth St. N, near the Bay Plaza Hotel, the Hollander Hotel and the Avalon Hotel.
The seller, BRE Apex CY FL LLC, is linked to New York-based Blackstone Real Estate Partners. Blackstone paid $17.75 million…
