The Hilton Tampa Downtown has been sold for $101 million to Boston-based alternative investment firm CrossHarbor Capital Partners. Located at 211 North Tampa Street, the 521-key property features 30,000 sqf of dedicated meeting and event space located on a single floor. Recently renovated, the asset traded hands for just under $193,858 per room. The Hilton deal is one of the largest hotel acquisitions in recent years in the Tampa Bay region.
“There’s a lot of good news for the commercial real estate market in Tampa in this transaction,” said Daniel Peek, senior managing director of HFF, which represented the seller and worked with the purchaser in servicing the financing of the acquisition. “For the past 24 months, be it a hotel on Clearwater Beach or in Westshore, we’ve seen a number of significant transactions. It shows investor confidence in the Tampa market. We’ve seen a lot of national, and to some degree international investors, showing interest in this hotel market.”
