Hodges Ward Elliott (“HWE”) is pleased to exclusively offer for sale the fee-simple interest in the Compass Hotel Anna Maria Sound (the “Hotel” or “Property”), a 123-key, waterfront lifestyle hotel located at the gateway to Anna Maria Island, Florida. Ideally positioned along the Intracoastal Waterway, the Hotel is surrounded by pristine Gulf Coast beaches and offers effortless access to top regional destinations making it an ideal year-round travel destination.
The Property provides direct access to Anna Maria Island’s award-winning beaches, vibrant waterfront dining, boutique shopping, museums, natural preserves, and world-class boating and fishing. Guests additionally benefit from convenient proximity to Sarasota, St. Petersburg, Clearwater, and Tampa, allowing them to relax in a serene, coastal setting while also exploring some of Florida’s most dynamic and culturally rich cities. The Property benefits from access to both the Sarasota-Bradenton International Airport (SRQ) and Tampa International Airport (TPA), two rapidly growing airports. SRQ saw over 4 million passengers in 2024, a 116% increase over 2019, while TPA welcomed 24.7 million travelers, up 9% from pre-COVID levels.
Backed by Margaritaville’s globally recognized Compass by Margaritaville brand, the Hotel delivers an immersive, experiential product tailored to today’s leisure traveler. With strong in-place performance and continued demand growth fueled by both regional tourism and residential expansion, the Compass Hotel Anna Maria Sound presents a rare opportunity to acquire a premier, waterfront asset in one of Florida’s most desirable coastal markets.
| Address: | |
| Rooms | 123 |
| Floors | 6 |
| Year Built | 2020 |
| Class | Upscale |
| GBA | 87,860 SF |
| Land Area | ±3.35 Acres |
| Zoning | BR PDP |
| F&B Outlets |
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| Meeting Space |
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| Amenities |
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| Parking | Complimentary On-Site Self-Parking |
| Interest | Fee Simple |
| Management | Concord Hospitality (Unencumbered) |
| LABOR: | Non-Union |
Investement Highlights
PRIME LOCATION IN HIGH-DEMAND OCEANFRONT HOTEL MARKET
Ideally located within the heart of Bradenton’s tourism corridor, the Compass Hotel Anna Maria Sound is surrounded by natural beauty and a wide array of walkable waterfront amenities. The Hotel benefits from proximity to top leisure attractions including Coquina Beach, Manatee Public Beach, and Bean Point, each consistently ranked among Florida’s most beautiful beaches. Guests enjoy walkable access to Safe Harbor Pier 77 for water excursions and boat rentals, as well as the scenic Neal and Perico Preserves. Just across the bridge, historic Bridge Street offers boutique shopping, waterfront dining, and live entertainment.
The Property is also near leading cultural and educational institutions such as The Bishop Museum of Science and Nature, the Florida Maritime Museum, The Ringling Museum of Art, the Manatee Performing Arts Center, and the Sarasota Opera House. Regional demand is further bolstered by IMG Academy, a world-renowned sports training destination. With convenient access to Sarasota-Bradenton International Airport, downtown Sarasota, and the Gulf Islands, the Hotel is well-positioned to attract a broad base of leisure and group travelers seeking a relaxed, upscale waterfront experience.
Coquina Beach
Manatee Public Beach
Bean Point
The Bishop Museum of Science and Nature
Florida Maritime Museum
The Ringling Museum of Art
Manatee Performing Arts Center
Sarasota Opera House
IMG Academy
Sarasota-Bradenton International Airport
Downtown Sarasota
Gulf Islands
NEW CONSTRUCTION WITH HIGH-QUALITY DESIGN
Built in 2020, the Compass Hotel Anna Maria Sound offers a rare opportunity to acquire a newly constructed, high-quality asset featuring durable concrete construction and hurricane resistant materials. The Hotel’s modern build and resilient design offer significant long-term value in a market with high replacement costs and limited waterfront developable land. The durability and construction quality of the Hotel is further proven by the fact that it did not file any insurance claims in recent years as several named storms swept through the Property.
VALUE-ADD OPPORTUNITY THROUGH VILLA DEVELOPMENT
The Property features a parcel of excess land offering a compelling value-add opportunity to develop additional luxury villas. This potential expansion allows a future owner to drive incremental revenue by capturing premium nightly rates through standalone accommodations ideal for families, extended-stay guests, or high-end leisure travelers. With strong demand for private, resort-style lodging in the Anna Maria market, the development of villas offers a clear path to enhancing both income and long-term asset value.
STRONG IN-PLACE PERFORMANCE
Benefitting from its premier waterfront location and alignment with the Compass by Margaritaville brand, the Hotel boasts strong in-place performance. The Property currently leads its competitive set with a RevPAR of $214 on a TTM basis, driven by high occupancy levels and brand-driven rate premiums. Strong ADR trends and efficient operational management have resulted in healthy NOI margins, further reinforcing the Hotel’s status as a high-performing coastal asset.
ADDITIONAL UPSIDE THROUGH REPOSITIONING AND/OR RESTRUCTURING THE RESTAURANT
The Hotel currently operates the detached poolside restaurant Floridays in-house. A new owner with more focused F&B capabilities can potentially reposition the restaurant to become a more profitable operation like it was earlier in the Property’s life. For example, the restaurant did $3.28 million of revenue in 2021, which resulted in $1.33 million of restaurant profit.
Additionally, the Compass by Margaritaville brand offers a compelling opportunity to rebrand the outlet as one of Margaritaville’s well known F&B concepts, leveraging strong name recognition to drive demand, increase guest spend, and boost overall revenue.
Alternatively, given the high-quality construction and excellent visibility from both Manatee Avenue and the Anna Maria Sound, there is a plethora of demand from restaurant operators to lease the space.
BEST-IN-CLASS BRANDING
The Margaritaville family of Brands commands exceptional brand recognition, guest loyalty, and revenue performance across the hospitality industry. Rooted in a distinctive lifestyle identity, the Compass brand consistently drives premium rates and strong ancillary revenue across food & beverage, retail, and experiential offerings. With powerful brand equity, high consumer visibility, and proven operational performance, the Compass Hotel Anna Maria Sound stands out as a best-in-class asset with lasting value in a competitive waterfront market.
