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DoubleTree by Hilton Hotel in Tampa sells for $76m
DoubleTree by Hilton Tampa Rocky Point Waterfront was sold to BlackPearl Hospitality for $76 million.
Walker & Dunlop facilitated the off-market sale and financing of the 291-key full-service DoubleTree by Hilton Tampa Rocky Point Waterfront
“The hotel industry is a $3 trillion asset class within commercial real estate. Hospitality has become an increasingly attractive investment opportunity, and attention to the sector has heightened under the financial adjustments caused by the worldwide pandemic,” said Sean Reimer, managing director of Walker & Dunlop’s NY Capital Markets team. “We are thrilled to play a role in this project with this unique property as well as work with our trusted partners at BlackPearl.”
Originally built in 1986, the DoubleTree recently underwent a comprehensive $17.9 million renovation. The hotel sits on 4.34 waterfront acres on Tampa’s Rocky Point peninsula, a short drive to Tampa International Airport, Raymond James