The Vinoy's indoor-outdoor Paul's Landing overlooks the pool deck in downtown St. Pete. Credit: COURTESY OF THE VINOY RENAISSANCE ST. PETERSBURG RESORT & GOLF CLUB

The Vinoy’s indoor-outdoor Paul’s Landing overlooks the pool deck in downtown St. Pete. Credit: COURTESY OF THE VINOY RENAISSANCE ST. PETERSBURG RESORT & GOLF CLUB

The historic Vinoy Renaissance Resort & Golf Club in downtown St. Petersburg was sold to SCG Hospitality LLC last week, and now we've got an idea of how much it cost.

SCG — a group led by Tampa Bay Buccaneers co-owner and chairman Bryan Glazer — announced the transaction on Aug. 29 but it did not disclose a sales price.

HOMAGE TO HISTORY
5 things to know about Paul's Landing at The Vinoy

Now the TBBJ is reporting that the group paid $512,000 per key for the 362-room historic Vinoy, taking the price tag to $188.5 million. If you're wondering: Yes, that's on the high end of what luxe hotels are going for these days.

By comparison, the Hyatt Regency Clearwater Beach sold for just under $500,000 per key in 2016, according to the article.

I wonder if there's a Groupon (or CL Deal) for that.

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This article appears in Sep 6-13, 2018.

Read his 2016 intro letter and disclosures from 2022 and 2021. Ray Roa started freelancing for Creative Loafing Tampa in January 2011 and was hired as music editor in August 2016. He became Editor-In-Chief...