A Lake Mary hotel barely two years old already has a new out-of-town owner. Today, the recently built Home2 Suites by Hilton in Lake Mary sold for nearly $18 million, shifting the 123-room extended-stay property from its original development partners to a New York hospitality firm. It is the first time the hotel has changed hands since opening, and it keeps a branded flag firmly planted in Seminole County’s growing corporate and technology corridor.
Deal details and buyer
According to Business Journals, Rockpoint and Highgate sold the Home2 Suites by Hilton Lake Mary to New York-based Pureland Hospitality for an amount described as nearly $18 million. The initial notice identified Pureland as the buyer, while broader deal terms were not disclosed in the filing. The Business Journals report was published on April 9, 2026.
Hotel basics and location
The six-story property at 582 New Technology Blvd features in-suite kitchens, complimentary breakfast, and an outdoor saline pool, according to its listing on Hilton. A 2024 press release from Seven Hills Realty Trust notes that the property closed a roughly $16 million bridge loan and opened in March 2024, indicating that buyers are trading a relatively new construction asset rather than an older conversion.
Built by a joint venture
The hotel came out of a joint venture between Boston-based Rockpoint and operator Highgate as part of a broader push into select-service and extended-stay development. Trade coverage from Hotel Management tracked the partnership’s projects and listed the Lake Mary Home2 Suites among its recent completions.
What the price shows
At roughly $18 million for 123 rooms, the transaction pencils out to about $146,000 per key, a quick benchmark investors use when sizing up franchised extended-stay hotels. The sale closes out the Rockpoint-Highgate ownership of the property and places Pureland into a Florida market where brand-affiliated extended-stay hotels have been active in recent deals, according to the Business Journals report.
Buyer background
Pureland Hospitality’s website lists Home2 Suites and Residence Inn properties in the Northeast, reflecting experience with the Home2 platform and other extended-stay assets. The firm’s portfolio page highlights a Home2 Suites in Middletown, N.Y., suggesting the Lake Mary acquisition fits with its existing operating footprint, according to Pureland Hospitality.
