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Postcard Inn On The Beach

A joint-venture between LCP and Safanad, a real estate and private equity investment firm, acquired the iconic Postcard Inn on the Beach, St. Pete Beach, Florida in March 2022. The 196-room oceanfront resort is situated on an expansive 9.64-acre tract with over 300 feet of frontage along the Gulf of Mexico offering unparalleled access to St. Pete’s renowned beaches. Initially constructed in 1957, Postcard Inn features a lobby café, a full-service restaurant, and 3,880 square feet of combined indoor and outdoor terrace meeting space that can accommodate up to 200 guests. The guestrooms feature a retro throwback feel of a nostalgic American beach vacation and the hotel offers guests a lively atmosphere with the largest pool on St. Pete Beach.

Dream Hotel
Dream Hollywood
Hollywood, California

Inception Year: 2024
Platform: Equity (or Debt)
Status: Active
Investment Description: Here is the description of this investment, etc.
Press Release: LINK HERE

  • https://lcpgroup.com/wp-content/uploads/2022/08/postcard-inn-pool-sq.png
  • St Pete Beach, FL
  • Keys: 196Inception Year: 2022Platform: EquityStatus: Active InvestmentInvestment Description: LCP, together with its capital partner Safanad, acquired the iconic Postcard Inn on the Beach, St. Pete Beach, Florida. Crescent Hotels & Resorts, LCP’s affiliate operator. The property features 196 guestrooms, 300 feet of direct beach frontage, three food and beverage outlets,14,450 SF of indoor and outdoor meeting space, a fitness center, the largest pool on St. Pete Beach, a variety of recreational facilities, a development site currently used as a transient beach parking lot (separate from hotel guest parking), and 6,800 SF of leased retail. The 9.64-acre oceanfront resort is located just over a mile north of the historic Don CeSar on St. Pete Beach, a well-regarded vacation destination that was voted as TripAdvisor’s “No.1 U.S. Beach” in 2021. In 2024, LCP successfully closed a refinance of the asset, with the loan proceeds used to pay off the existing debt and finance a comprehensive renovation of the property, which will further modernize the guestrooms and public spaces and enhance the food and beverage offerings.

Keys: 196
Inception Year: 2022
Platform: Equity
Status: Active Investment
Investment Description: LCP, together with its capital partner Safanad, acquired the iconic Postcard Inn on the Beach, St. Pete Beach, Florida. Crescent Hotels & Resorts, LCP’s affiliate operator. The property features 196 guestrooms, 300 feet of direct beach frontage, three food and beverage outlets,14,450 SF of indoor and outdoor meeting space, a fitness center, the largest pool on St. Pete Beach, a variety of recreational facilities, a development site currently used as a transient beach parking lot (separate from hotel guest parking), and 6,800 SF of leased retail. The 9.64-acre oceanfront resort is located just over a mile north of the historic Don CeSar on St. Pete Beach, a well-regarded vacation destination that was voted as TripAdvisor’s “No.1 U.S. Beach” in 2021. In 2024, LCP successfully closed a refinance of the asset, with the loan proceeds used to pay off the existing debt and finance a comprehensive renovation of the property, which will further modernize the guestrooms and public spaces and enhance the food and beverage offerings.

Hotel

Postcard Inn On The Beach

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