 |
| Hyatt Regency Hotel, Tampa, FL |
MIAMI, FL – HFF announced it has closed the sale of the Hyatt Regency, a 521-room
hotel in Tampa, Florida.
HFF
marketed the Hyatt on behalf of the seller, AREA Property Partners. Driftwood Hospitality Management, LLC
purchased the property.
The
Hyatt Regency is located at 211 North Tampa Street in downtown Tampa. The hotel features a restaurant and bar,
30,000 square feet of meeting space, heated outdoor pool, rooftop sundeck,
fitness center and gift shop. Following
a renovation, the hotel will be converted to the Hilton-brand.
 |
| Paul Hsu |
The
HFF investment sales team representing the seller was led by senior managing
director Daniel Peek, associate directors Paul Hsu and Max
Comess and senior real estate analyst Cyrus Vazifdar.
“The
Hyatt Regency Tampa is really a wonderful investment opportunity, and we were
pleased to represent the AREA team in this important transaction,” Peek
noted. “The property was a key
component of the redevelopment of downtown Tampa and now sits in the center a
dynamic and expanding central business district.”
 |
| Max Comess |
AREA Property Partners is a leading international real
estate investor and fund manager on behalf of prominent government and
corporate pension funds, sovereign wealth funds, insurance companies,
foundations, endowments, and high-net-worth individuals.
Since the firm’s founding in 1993, AREA
Property Partners has overseen the establishment of multiple real estate funds
and joint ventures totaling $14 billion in equity commitments for investments
in the United States, Europe and Asia.
Its funds have collectively invested in more than 600 transactions with
an aggregated value in excess of $65 billion.
Headquartered in New York, the firm has offices in Atlanta, Los Angeles,
San Francisco, London, Paris, Luxembourg and Mumbai.
AREA’s funds target a broad range of opportunistic, value-added
and debt investments in real estate assets and portfolios throughout North
America, Europe and India. For more
information, visit the firm’s website at www.areapropertypartners.com.
Driftwood Hospitality Management, LLC is a hotel management company that
operates and develops hotels in the U.S., and affiliates of the company operate
in the Caribbean and Latin America.
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 |
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