Home2 Suites by Hilton St. Augustine I-95 in the greater Jacksonville, Fla Sold

Commercial real estate investment firm Peachtree Group has acquired its sixth hotel property, the 90-key Home2 Suites by Hilton St. Augustine I-95. Located in the greater Jacksonville, Florida area, the purchase is structured as a Delaware Statutory Trust (DST), a strategy that offers tax deferral benefits to investors. It is Peachtree’s third DST acquisition this year, following the Residence Inn Tampa Wesley Chapel DST in November.

The Home2 Suites by Hilton St. Augustine I-95 is located off I-95 and close to St. Augustine, a popular tourist destination in Florida. The city’s historic charm and robust economy attract millions of visitors annually, ensuring consistent hotel service demand.

Tim Witt, president of 1031 Exchange/DST Products at Peachtree, highlighted the property’s suitability for the firm’s DST portfolio. He cited its prime location along the I-95 corridor, strong population growth in the surrounding area, and St. Augustine’s rich historical and cultural appeal. The hotel is well-equipped to cater to leisure and business travelers, offering modern convenience and comfortable accommodations.

Peachtree has made six DST acquisitions across diverse, high-growth markets, showcasing the company’s skill in identifying strategic opportunities within the hospitality sector. These acquisitions, including the recent Home2 Suites by Hilton St. Augustine I-95, amount to approximately $175 million in debt-free real estate transactions.

The group’s strategy is centered around well-known hotel brands and opportunities for increased value. Peachtree’s experienced hospitality management team ensures the long-term potential for investors. The company aligns its offerings with 1031 exchange principles, enabling the smooth transition of capital gains into passive investments in the hospitality sector.

The Home2 Suites by Hilton St. Augustine I-95 offers institutional-quality construction, spacious suites with extended-stay amenities, and strong brand recognition. Its location near St. Augustine’s historic downtown provides easy access to top attractions like the Castillo de San Marcos, St. Augustine Premium Outlets, and pristine beaches. Nearby developments, including mixed-use projects, healthcare facilities, and luxury apartments, further enhance the property’s appeal and position it for sustained demand in the future.