Northeast investors buy two Oldsmar hotels

BUYER: W/E Oldsmar 2 LLC, Wilton, Conn.
SELLER: Double Fource Properties LLC
PROPERTY: 4017 Tampa Road, Oldsmar Road, Oldsmar
PRICE: $13.7 million
PREVIOUS PRICE: $1.2 million, February 2009

BUYER: W/E Oldsmar 1 LLC, Wilton, Conn.
SELLER: Sail Hotel Properties LLC
PROPERTY: 4052 Tampa Road, Oldsmar
PRICE: $8.6 million
LAW FIRM ON DEED: Aminie Mohip Esq., St. Petersburg

PLANS, DESCRIPTION:
Washington, D.C.-based private equity firm Excel Group and Connecticut investment management company Westport Capital Partners LLC purchased two Oldsmar hotels. The joint venture purchased the 110-room Hampton Inn & Suites Tampa Northwest Oldsmar for $13.7 million and the 83-room Hilton Garden Inn Tampa Northwest/Oldsmar for $8.6 million.