Local hotelier buys Old Florida hotel property on St. Pete Beach
/The 18-key Beach Haven Villas hotel, located on the picturesque shores of St. Pete Beach, now has a new owner—a prominent and well-established local hotelier.
Kevin Bowden, owner of St. Pete Beach's Miramar Resort and Cambria Hotel on Madeira Beach, purchased the Art Deco-styled hotel at 4980 Gulf Boulevard from Beach Haven LLC in a roughly $6.24 million deal. Beach Haven LLC is a local small business whose President is Carolyn Thatcher.
Bowden took out a $4.65 million mortgage loan from St. Pete-based real estate specialty finance firm Directed Capital in the transaction.
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