The extended stay hotel, owned by the Edgewater Group, is located on Capital Circle Northeast between Centerville and Miccosukee roads. Terry Foye serves as the property's general manager.

"We are excited to expand our portfolio of hotels with this fantastic ownership group," said Joe Reardon, senior vice president of marketing and business development for Hotel Equities. "We're happy to continue our growth in the Florida panhandle with this hotel. Our award-winning guest service and management expertise will deliver significant value to our owners."

Hotel Equities is an Atlanta-based full-service hotel ownership, management and development firm operating more than 100 hotels throughout North America.