MIG Real Estate LLC buys fourth Tampa hotel

BUYER: Tampa East Hotel Holdings LLC (MIG Real Estate LLC), New Port Beach, Calif.
SELLER: GI Tampa Realco LLC
PROPERTY: 10309 Highland Manor Drive, Tampa
PRICE: $12.5 million
PREVIOUS PRICE: $17.15 million, December 2005
TITLE FIRM ON DEED: First American Title Insurance Co., Atlanta

PLANS, DESCRIPTION: Newport Beach, Calif.-based real estate investment company MIG Real Estate LLC purchased the 152-unit Hilton Garden Inn Tampa East/Brandon for $12.5 million.

The price equated to $82,237 per unit.