Funds controlled by Loci Capital Opportunistic Fund, LP, an affiliate of Loci Capital Group, a private real estate fund manager, announced the sale of the Hilton St. Petersburg Carillon Park, a 227-room, nine-story hotel located in the Carillon Business Park submarket of St. Petersburg, Fla. The ownership group also included Loci Capital’s operating partner, HHM Hotels.
"This sale marks a positive conclusion for our investment partnership at Hilton Carillon," commented Shawn Tuli, CIO at HHM Hotels. "We are thrilled to continue managing this property and execute a new vision under new ownership.”
Built in 2006, the Hilton Carillon features more than 16,000 square feet of meeting space and was acquired by Loci and its joint venture partners in January 2021 as part of its inaugural opportunistic fund. The property benefited from its central location, superior physical design and construction, and thoughtful capital improvement plan.
“The Hilton Carillon is
