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| Hilton Tampa Downtown Hotel, Downtown Tampa, FL |
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| Alexandra Lalos |
TAMPA, FL, July 5, 2016 –
Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the
sale of and arranged acquisition financing for the Hilton Tampa Downtown, a 520-room, full-service hotel in the heart
of downtown Tampa, Florida.
HFF marketed the property
on behalf of the seller, a partnership between Driftwood Hospitality
Management, LLC and H.I.G. Realty Partners.
CrossHarbor Capital Partners LLC purchased the asset. Additionally on behalf of the new owner, HFF
placed the floating-rate acquisition loan with a banking and financial services
holding company.
Hilton Tampa Downtown was
built in 1982 and fully renovated when it was converted from a Hyatt to a Hilton
in 2013.
The 18-story hotel features a
rooftop sundeck, fitness center, executive lounge, business center, heated
outdoor pool and spa, 30,000 square feet of meeting space and three food and
beverage outlets, 211 Lounge, 211 Restaurant and a full service Starbucks.
Situated on 5.6 acres at
211 North Tampa Street, the hotel is proximate to several demand generators,
including Amalie Arena, Tampa General Hospital, Historic Ybor City, the Florida
Aquarium, Port of Tampa Cruise Terminal, Raymond James Stadium and 9.7 million
square feet of office space in Tampa’s central business district.
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| Daniel C. Peek |
The hotel is within
walking distance to the planned $2 billion, six million-square-foot, mixed-use
office, retail and multi-housing development being executed by Strategic
Property Partners, a real estate development firm, which includes Jeff Vinik and Bill Gates’ Cascade Investments.
The HFF investment sales
team representing the seller was led by senior managing director and head of
HFF’s hotel group, Daniel C. Peek and
associate directors Preston Reid and
Alexandra Lalos.
The HFF debt placement
team representing the borrower was led by managing director Michael Weinberg.
HFF’s Hotel Team continues
to be extremely active throughout the state of Florida, having closed 56
hotel-related transactions in the last 24 months, including Hilton Clearwater
Beach, La Playa Beach & Golf Resort, Naples Grande Beach Resort, Sheraton
Sand Key Resort, Embassy Suites Downtown Orlando, Hilton Key Largo and, locally
in Tampa, the Sheraton Tampa Riverwalk Hotel and the Sheraton Suites Tampa
Airport Westshore.
For a
complete copy of the company’s news release, please contact:
Olivia Hennessey
Public Relations
Coordinator
HFF | 9 Greenway Plaza
Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax
713.527.8725 | www.hfflp.com
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